Numis Securities Upgrades Lancashire (LRE) to Add

Numis Securities upgraded shares of Lancashire (LON:LRE) to an add rating in a research note issued to investors on Thursday morning. They currently have GBX 775 ($10.71) target price on the stock.

LRE has been the topic of several other reports. JPMorgan Chase & Co. reaffirmed an underweight rating on shares of Lancashire in a report on Thursday, November 16th. Barclays raised Lancashire to an equal weight rating and lifted their target price for the stock from GBX 631 ($8.72) to GBX 687 ($9.49) in a report on Wednesday, October 25th. HSBC reaffirmed a buy rating and set a GBX 863 ($11.92) target price on shares of Lancashire in a report on Thursday, November 23rd. Peel Hunt reaffirmed an add rating and set a GBX 690 ($9.53) target price on shares of Lancashire in a report on Thursday, January 4th. Finally, Royal Bank of Canada reaffirmed a sector performer rating on shares of Lancashire in a report on Tuesday, November 28th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the stock. Lancashire has a consensus rating of Hold and a consensus price target of GBX 698.38 ($9.65).

Lancashire (LON LRE) opened at GBX 570 ($7.88) on Thursday. The company has a market capitalization of $1,140.00 and a PE ratio of -2,280.00. Lancashire has a twelve month low of GBX 564.50 ($7.80) and a twelve month high of GBX 773.50 ($10.69).

The firm also recently disclosed a dividend, which will be paid on Wednesday, March 21st. Stockholders of record on Thursday, February 22nd will be given a $0.10 dividend. The ex-dividend date of this dividend is Thursday, February 22nd. This is a positive change from Lancashire’s previous dividend of $0.05. This represents a dividend yield of 1.25%.

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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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