Lancashire (LRE) Price Target Raised to GBX 693 at Barclays

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Lancashire (LON:LRE) had its price objective increased by analysts at Barclays from GBX 667 ($8.60) to GBX 693 ($8.94) in a research note issued on Friday. The firm currently has an “equal weight” rating on the stock. Barclays’ price target suggests a potential upside of 14.74% from the company’s current price.

Several other equities research analysts have also weighed in on the stock. Peel Hunt reaffirmed an “add” rating on shares of Lancashire in a report on Monday, June 4th. Numis Securities raised shares of Lancashire to a “buy” rating in a report on Thursday, July 26th. Berenberg Bank raised shares of Lancashire to a “hold” rating and set a GBX 600 ($7.74) price objective on the stock in a report on Wednesday, August 22nd. Finally, Canaccord Genuity reissued a “buy” rating and set a GBX 720 ($9.29) price objective on shares of Lancashire in a report on Thursday. Nine investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of GBX 695.17 ($8.97).

LRE opened at GBX 604 ($7.79) on Friday. Lancashire has a twelve month low of GBX 542.50 ($7.00) and a twelve month high of GBX 773.50 ($9.98).

Lancashire Company Profile

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.

See Also: Book Value Per Share – BVPS

Analyst Recommendations for Lancashire (LON:LRE)

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