Lancashire (LRE) Stock Rating Reaffirmed by Royal Bank Of Canada

Lancashire (LON:LRE)‘s stock had its “sector performer” rating reissued by stock analysts at Royal Bank Of Canada in a research report issued to clients and investors on Tuesday.

Several other research firms have also issued reports on LRE. upgraded shares of Lancashire to a “buy” rating and upped their price target for the company from GBX 683 ($9.15) to GBX 863 ($11.56) in a research report on Monday, November 6th. J P Morgan Chase & Co upped their price target on shares of Lancashire from GBX 595 ($7.97) to GBX 625 ($8.37) and gave the company an “underweight” rating in a research report on Tuesday, August 1st. Morgan Stanley upped their price target on shares of Lancashire from GBX 630 ($8.44) to GBX 716 ($9.59) and gave the company an “equal weight” rating in a research report on Wednesday, November 8th. HSBC restated a “buy” rating and set a GBX 863 ($11.56) price target on shares of Lancashire in a research report on Thursday, November 23rd. Finally, Shore Capital reiterated a “buy” rating on shares of Lancashire in a report on Thursday, November 2nd. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of GBX 692.43 ($9.27).

Shares of Lancashire (LON LRE) opened at GBX 699.50 ($9.37) on Tuesday. Lancashire has a 1 year low of GBX 608 ($8.14) and a 1 year high of GBX 773.50 ($10.36).

In related news, insider Peter Clarke purchased 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 2nd. The stock was bought at an average cost of GBX 746 ($9.99) per share, with a total value of £223,800 ($299,718.76).

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Lancashire Company Profile

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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