Lancashire (LON:LRE) had its price target cut by equities researchers at Morgan Stanley from GBX 716 ($9.89) to GBX 653 ($9.02) in a note issued to investors on Tuesday. The firm currently has an “equal weight” rating on the stock. Morgan Stanley’s price target suggests a potential upside of 13.47% from the stock’s previous close.
Several other research firms also recently issued reports on LRE. Shore Capital reissued a “buy” rating on shares of Lancashire in a research report on Thursday, November 2nd. Peel Hunt reaffirmed an “add” rating and set a GBX 690 ($9.53) price target on shares of Lancashire in a research report on Thursday, November 2nd. Numis Securities reaffirmed a “hold” rating and set a GBX 775 ($10.71) price target on shares of Lancashire in a research report on Thursday, November 2nd. raised Lancashire to a “buy” rating and increased their price target for the stock from GBX 683 ($9.44) to GBX 863 ($11.92) in a research report on Monday, November 6th. Finally, JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a GBX 690 ($9.53) price target on shares of Lancashire in a research report on Wednesday, November 8th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of GBX 686.92 ($9.49).
Lancashire (LON:LRE) opened at GBX 575.50 ($7.95) on Tuesday. Lancashire has a 12-month low of GBX 552 ($7.63) and a 12-month high of GBX 773.50 ($10.69). The stock has a market capitalization of $1,170.00 and a price-to-earnings ratio of -2,213.46.
In other Lancashire news, insider Samantha Hoe-Richardson bought 1,409 shares of the company’s stock in a transaction dated Monday, February 19th. The shares were purchased at an average cost of GBX 568 ($7.85) per share, for a total transaction of £8,003.12 ($11,057.09). Also, insider Peter Clarke bought 16,000 shares of the company’s stock in a transaction dated Friday, February 16th. The shares were acquired at an average price of GBX 567 ($7.83) per share, for a total transaction of £90,720 ($125,338.49).
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Lancashire Company Profile
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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