Lancashire (LON:LRE) was downgraded by equities research analysts at Peel Hunt to a “hold” rating in a report released on Friday, ThisIsMoney.Co.Uk reports.
A number of other research analysts have also commented on LRE. Royal Bank of Canada upped their price target on shares of Lancashire from GBX 700 ($9.15) to GBX 725 ($9.47) and gave the company an “outperform” rating in a research note on Thursday, March 21st. Shore Capital reiterated a “hold” rating on shares of Lancashire in a research note on Friday, May 24th. JPMorgan Chase & Co. upped their price target on shares of Lancashire from GBX 580 ($7.58) to GBX 615 ($8.04) and gave the company a “neutral” rating in a research note on Monday, February 18th. Canaccord Genuity upped their price target on shares of Lancashire from GBX 665 ($8.69) to GBX 725 ($9.47) and gave the company a “buy” rating in a research note on Monday, February 18th. Finally, Morgan Stanley assumed coverage on shares of Lancashire in a research note on Friday, May 17th. They issued an “equal weight” rating and a GBX 667 ($8.72) price target on the stock. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Lancashire presently has a consensus rating of “Hold” and an average target price of GBX 695 ($9.08).
Shares of LRE stock opened at GBX 696 ($9.09) on Friday. The company has a current ratio of 1.28, a quick ratio of 0.87 and a debt-to-equity ratio of 30.42. The company has a market capitalization of $1.40 billion and a price-to-earnings ratio of 37.22. Lancashire has a twelve month low of GBX 505 ($6.60) and a twelve month high of GBX 712.50 ($9.31).
Lancashire Company Profile
Lancashire Holdings Limited provides specialty insurance and reinsurance products worldwide. The company operates through five segments: Property, Energy, Marine, Aviation, and Lloyd's. It offers aviation insurance solutions; coverage for upstream operational and construction all risks related to wind, earthquakes, and floods, as well as standalone business interruption coverage; and coverage in marine portfolio, including marine hull, total loss only, mortgagees interests insurance, mortgagees additional perils, excess protection and indemnity, marine war, and builder's risks to high-profile accounts, cruise vessels, and liquid natural gas carriers.
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