Lancashire (LRE) Stock Rating Reaffirmed by UBS Group
UBS Group restated their buy rating on shares of Lancashire (LON:LRE) in a report released on Wednesday morning, ThisIsMoney.Co.Uk reports. They currently have a GBX 735 ($9.60) target price on the stock, up from their prior target price of GBX 675 ($8.82).
A number of other equities research analysts have also commented on the stock. Peel Hunt reiterated an add rating on shares of Lancashire in a report on Monday, February 4th. JPMorgan Chase & Co. upped their price target on shares of Lancashire from GBX 570 ($7.45) to GBX 580 ($7.58) and gave the company a neutral rating in a report on Tuesday, February 5th. Numis Securities reduced their price objective on shares of Lancashire from GBX 735 ($9.60) to GBX 705 ($9.21) and set a buy rating on the stock in a research report on Tuesday, February 5th. Royal Bank of Canada reduced their price objective on shares of Lancashire from GBX 725 ($9.47) to GBX 700 ($9.15) and set an outperform rating on the stock in a research report on Thursday, February 7th. Finally, Shore Capital reissued an under review rating on shares of Lancashire in a research report on Thursday, February 14th. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of Hold and a consensus price target of GBX 692.22 ($9.05).
Shares of LRE opened at GBX 681.50 ($8.91) on Wednesday. The company has a market capitalization of $1.37 billion and a PE ratio of 36.44. The company has a debt-to-equity ratio of 30.42, a current ratio of 1.28 and a quick ratio of 0.87. Lancashire has a fifty-two week low of GBX 505 ($6.60) and a fifty-two week high of GBX 706 ($9.23).
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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