Lancashire (LON:LRE) had its price objective reduced by Berenberg Bank from GBX 742 ($9.70) to GBX 697 ($9.11) in a research report released on Wednesday morning, Digital Look reports. Berenberg Bank currently has a buy rating on the stock.
Several other equities analysts have also weighed in on the company. Royal Bank of Canada lifted their price target on Lancashire from GBX 725 ($9.47) to GBX 750 ($9.80) and gave the company an outperform rating in a research note on Tuesday. Peel Hunt restated an add rating on shares of Lancashire in a research note on Friday, May 24th. Shore Capital restated a hold rating on shares of Lancashire in a research note on Friday, May 24th. UBS Group restated a buy rating and issued a GBX 735 ($9.60) price target (up previously from GBX 675 ($8.82)) on shares of Lancashire in a research note on Wednesday, May 22nd. Finally, Morgan Stanley assumed coverage on Lancashire in a research note on Friday, May 17th. They issued an equal weight rating and a GBX 667 ($8.72) price target for the company. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of Hold and an average target price of GBX 695 ($9.08).
Shares of Lancashire stock opened at GBX 719 ($9.40) on Wednesday. The company has a quick ratio of 0.87, a current ratio of 1.28 and a debt-to-equity ratio of 30.42. Lancashire has a twelve month low of GBX 505 ($6.60) and a twelve month high of GBX 712.50 ($9.31). The stock has a market capitalization of $1.44 billion and a P/E ratio of 38.45.
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.
Read More: Earnings Per Share
Receive News & Ratings for Lancashire Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lancashire and related companies with MarketBeat.com's FREE daily email newsletter.