Lancashire Holdings Limited (LRE) Given Underweight Rating at J P Morgan Chase & Co

J P Morgan Chase & Co reaffirmed their underweight rating on shares of Lancashire Holdings Limited (LON:LRE) in a research report report published on Thursday morning.

Several other equities research analysts have also issued reports on LRE. Shore Capital Group Limited reaffirmed a buy rating on shares of Lancashire Holdings Limited in a research note on Thursday, November 2nd. Numis Securities Ltd reaffirmed a hold rating and issued a GBX 775 ($10.19) price objective on shares of Lancashire Holdings Limited in a research note on Thursday, November 2nd. Stockdale Securities reaffirmed an add rating and issued a GBX 800 ($10.52) price objective on shares of Lancashire Holdings Limited in a research note on Monday, November 6th. Morgan Stanley lifted their price objective on shares of Lancashire Holdings Limited from GBX 630 ($8.29) to GBX 716 ($9.42) and gave the company an equal weight rating in a research note on Wednesday, November 8th. Finally, raised shares of Lancashire Holdings Limited to a buy rating and lifted their price objective for the company from GBX 683 ($8.98) to GBX 863 ($11.35) in a research note on Monday, November 6th. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of Hold and an average price target of GBX 679.31 ($8.93).

Shares of Lancashire Holdings Limited (LON LRE) opened at GBX 713 ($9.38) on Thursday. Lancashire Holdings Limited has a 1-year low of GBX 608 ($8.00) and a 1-year high of GBX 773.50 ($10.17).

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In other news, insider Peter Clarke bought 30,000 shares of the company’s stock in a transaction that occurred on Thursday, November 2nd. The shares were purchased at an average price of GBX 746 ($9.81) per share, for a total transaction of £223,800 ($294,357.49).

About Lancashire Holdings Limited

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.

Analyst Recommendations for Lancashire Holdings Limited (LON:LRE)

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