Shore Capital restated their hold rating on shares of Lancashire (LON:LRE) in a report released on Thursday morning, ThisIsMoney.Co.Uk reports.
LRE has been the subject of a number of other reports. Canaccord Genuity reaffirmed a hold rating and set a GBX 735 ($9.60) price target on shares of Lancashire in a report on Monday, November 11th. Royal Bank of Canada boosted their price objective on Lancashire from GBX 775 ($10.13) to GBX 800 ($10.45) and gave the stock an outperform rating in a research note on Tuesday, November 12th. UBS Group restated a buy rating on shares of Lancashire in a report on Friday, November 1st. Barclays increased their target price on Lancashire from GBX 731 ($9.55) to GBX 758 ($9.90) and gave the stock an equal weight rating in a report on Wednesday. Finally, JPMorgan Chase & Co. upgraded Lancashire to a neutral rating and raised their target price for the company from GBX 645 ($8.43) to GBX 700 ($9.15) in a research note on Monday, November 11th. Eight analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of Hold and a consensus target price of GBX 714.20 ($9.33).
Shares of LRE remained flat at $GBX 713 ($9.32) on Thursday. The stock had a trading volume of 168,953 shares, compared to its average volume of 1,020,000. The firm has a market capitalization of $1.44 billion and a P/E ratio of 7,130.00. The company has a quick ratio of 1.48, a current ratio of 2.19 and a debt-to-equity ratio of 31.04. Lancashire has a fifty-two week low of GBX 556.50 ($7.27) and a fifty-two week high of GBX 758 ($9.90). The business has a fifty day moving average price of GBX 708.73 and a 200 day moving average price of GBX 703.80.
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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