Lancashire (LRE) Price Target Lowered to GBX 636 at Barclays
Lancashire (LON:LRE) had its price target trimmed by Barclays from GBX 693 ($9.06) to GBX 636 ($8.31) in a report released on Friday morning. The brokerage currently has an equal weight rating on the stock.
LRE has been the subject of a number of other research reports. Numis Securities reaffirmed a buy rating and set a GBX 765 ($10.00) price objective on shares of Lancashire in a research note on Monday, October 8th. UBS Group dropped their price objective on shares of Lancashire from GBX 660 ($8.62) to GBX 640 ($8.36) and set a buy rating for the company in a research note on Tuesday. Berenberg Bank raised shares of Lancashire to a hold rating and set a GBX 600 ($7.84) price objective for the company in a research note on Wednesday, August 22nd. JPMorgan Chase & Co. upped their price objective on shares of Lancashire from GBX 650 ($8.49) to GBX 725 ($9.47) and gave the company a neutral rating in a research note on Tuesday. Finally, Peel Hunt reaffirmed an add rating on shares of Lancashire in a research note on Tuesday, October 2nd. Nine research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Lancashire presently has an average rating of Hold and an average target price of GBX 690.38 ($9.02).
Shares of LON LRE traded up GBX 1 ($0.01) on Friday, reaching GBX 536.50 ($7.01). 1,056,072 shares of the company traded hands, compared to its average volume of 1,020,000. Lancashire has a fifty-two week low of GBX 542.50 ($7.09) and a fifty-two week high of GBX 773.50 ($10.11).
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 a range of coverages 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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