Lancashire (LON:LRE) had its price target decreased by UBS Group from GBX 660 ($8.62) to GBX 640 ($8.36) in a note issued to investors on Tuesday, www.digitallook.com reports. The brokerage presently has a “buy” rating on the stock. UBS Group’s price target suggests a potential upside of 22.37% from the company’s previous close.
LRE has been the subject of several other research reports. Numis Securities reissued a “buy” rating and issued a GBX 765 ($10.00) price target on shares of Lancashire in a report on Monday. Barclays boosted their price target on shares of Lancashire from GBX 659 ($8.61) to GBX 667 ($8.72) and gave the company an “equal weight” rating in a report on Wednesday, July 18th. Berenberg Bank raised shares of Lancashire to a “hold” rating and set a GBX 600 ($7.84) price target for the company in a report on Wednesday, August 22nd. JPMorgan Chase & Co. boosted their price target on shares of Lancashire from GBX 650 ($8.49) to GBX 725 ($9.47) and gave the company a “neutral” rating in a report on Tuesday. Finally, Peel Hunt reissued an “add” rating on shares of Lancashire in a report on Tuesday, October 2nd. Nine equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of GBX 694.77 ($9.08).
Shares of LRE stock opened at GBX 523 ($6.83) on Tuesday. Lancashire has a 12-month low of GBX 542.50 ($7.09) and a 12-month 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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