Lancashire (LON:LRE)‘s stock had its “neutral” rating reaffirmed by research analysts at JPMorgan Chase & Co. in a research report issued to clients and investors on Thursday. They presently have a GBX 725 ($9.83) price objective on the stock. JPMorgan Chase & Co.’s target price would suggest a potential upside of 10.43% from the company’s current price.
Several other analysts also recently weighed in on the stock. Barclays lifted their price objective on shares of Lancashire from GBX 687 ($9.32) to GBX 697 ($9.45) and gave the company an “equal weight” rating in a research report on Monday, December 11th. HSBC restated a “buy” rating and set a GBX 863 ($11.70) price target on shares of Lancashire in a research report on Thursday, November 23rd. Morgan Stanley boosted their price target on shares of Lancashire from GBX 630 ($8.54) to GBX 716 ($9.71) and gave the stock an “equal weight” rating in a research report on Wednesday, November 8th. upgraded shares of Lancashire to a “buy” rating and boosted their price target for the stock from GBX 683 ($9.26) to GBX 863 ($11.70) in a research report on Monday, November 6th. Finally, Royal Bank of Canada restated a “sector performer” rating on shares of Lancashire in a research report on Tuesday, November 28th. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of GBX 692.07 ($9.39).
Shares of Lancashire (LRE) traded down GBX 2 ($0.03) during trading hours on Thursday, reaching GBX 656.50 ($8.90). 696,619 shares of the company traded hands, compared to its average volume of 400,586. The company has a market cap of $1,320.00 and a P/E ratio of -10,941.67. Lancashire has a 12-month low of GBX 608 ($8.25) and a 12-month high of GBX 773.50 ($10.49).
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Lancashire Holdings Limited is a holding company. The Company’s principal activity, through its subsidiaries, is the provision of global specialty insurance and reinsurance products. The Company operates through five segments: Property, Energy, Marine, Aviation and Lloyd’s. It underwrites worldwide, insurance and reinsurance contracts that transfer insurance risk, including risks exposed to both natural and man-made catastrophes.
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