Barclays Boosts Lancashire (LRE) Price Target to GBX 697

Lancashire (LON:LRE) had its price target hoisted by Barclays from GBX 687 ($9.25) to GBX 697 ($9.38) in a research note released on Monday morning. The firm currently has an equal weight rating on the stock.

Several other equities analysts have also commented on LRE. Peel Hunt restated an add rating and set a GBX 760 ($10.23) price target on shares of Lancashire in a research note on Thursday, August 24th. J P Morgan Chase & Co restated an underweight rating and set a GBX 625 ($8.41) price target on shares of Lancashire in a research note on Tuesday, September 12th. Shore Capital restated a buy rating on shares of Lancashire in a research note on Monday, October 9th. Finally, Citigroup restated a neutral rating and set a GBX 635 ($8.55) price target on shares of Lancashire in a research note on Thursday, October 26th. Five analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the stock. The company currently has an average rating of Hold and a consensus target price of GBX 689.57 ($9.28).

Shares of Lancashire (LON LRE) opened at GBX 671.50 ($9.04) on Monday. Lancashire has a fifty-two week low of GBX 608 ($8.18) and a fifty-two week high of GBX 773.50 ($10.41).

In related news, insider Peter Clarke acquired 30,000 shares of the company’s stock in a transaction that occurred on Thursday, November 2nd. The shares were bought at an average price of GBX 746 ($10.04) per share, with a total value of £223,800 ($301,211.31).

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About Lancashire

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 (LON:LRE)

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