Lancashire (LON:LRE – Get Free Report) had its price target upped by research analysts at JPMorgan Chase & Co. from GBX 715 ($8.78) to GBX 750 ($9.21) in a note issued to investors on Monday, Digital Look reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 17.37% from the company’s current price.
A number of other research analysts have also recently commented on LRE. Berenberg Bank raised their target price on Lancashire from GBX 770 ($9.46) to GBX 800 ($9.82) and gave the company a “buy” rating in a research note on Thursday, November 9th. Royal Bank of Canada boosted their target price on shares of Lancashire from GBX 800 ($9.82) to GBX 825 ($10.13) and gave the company an “outperform” rating in a report on Thursday. Barclays reiterated an “equal weight” rating and issued a GBX 670 ($8.23) price target on shares of Lancashire in a research note on Tuesday, September 5th. Finally, Morgan Stanley raised shares of Lancashire to an “equal weight” rating in a research note on Tuesday, September 5th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 732.86 ($9.00).
Lancashire Trading Up 1.3 %
Lancashire Holdings Limited, together with its subsidiaries, provides specialty insurance and reinsurance products in London, Bermuda, and Australia. The company operates through five segments: Property and Casualty Reinsurance, Property and Casualty Insurance, Aviation, Energy, and Marine. It offers property direct and facultative, property political risk and sovereign risk, and property terrorism and political violence insurance products, as well as property reinsurance services; and aviation AV52, aviation consortium, airline hull and liability, and satellite insurance products.
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