Lancashire (LRE) Receives Neutral Rating from JPMorgan Chase & Co.

JPMorgan Chase & Co. reaffirmed their neutral rating on shares of Lancashire (LON:LRE) in a report published on Thursday morning. JPMorgan Chase & Co. currently has a GBX 725 ($9.83) price objective on the stock.

A number of other research firms have also recently weighed in on LRE. Numis Securities restated a hold rating and set a GBX 775 ($10.51) target price on shares of Lancashire in a research note on Thursday, November 2nd. Peel Hunt restated an add rating and set a GBX 690 ($9.36) target price on shares of Lancashire in a research note on Thursday, November 2nd. Shore Capital restated a buy rating on shares of Lancashire in a research note on Thursday, November 2nd. upgraded shares of Lancashire to a buy rating and lifted their target price for the company from GBX 683 ($9.26) to GBX 863 ($11.70) in a research note on Monday, November 6th. Finally, Morgan Stanley lifted their price target on shares of Lancashire from GBX 630 ($8.54) to GBX 716 ($9.71) and gave the company an equal weight rating in a report on Wednesday, November 8th. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company’s stock. Lancashire presently has a consensus rating of Hold and a consensus target price of GBX 692.07 ($9.39).

Lancashire (LON:LRE) traded down GBX 2 ($0.03) on Thursday, hitting GBX 656.50 ($8.90). 696,619 shares of the company were exchanged, compared to its average volume of 400,586. Lancashire has a 52 week low of GBX 608 ($8.25) and a 52 week high of GBX 773.50 ($10.49). The stock has a market cap of $1,320.00 and a PE ratio of -10,941.67.

In other news, insider Peter Clarke purchased 30,000 shares of the business’s stock in a transaction that occurred on Thursday, November 2nd. The shares were bought at an average cost of GBX 746 ($10.12) per share, for a total transaction of £223,800 ($303,498.78).

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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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