Lancashire (LON:LRE) PT Raised to GBX 725

Lancashire (LON:LRE) had its price target lifted by Royal Bank of Canada from GBX 700 ($9.15) to GBX 725 ($9.47) in a research note released on Thursday, March 21st, ThisIsMoney.Co.Uk reports. They currently have an outperform rating on the stock.

A number of other research firms have also recently issued reports on LRE. Peel Hunt cut their price objective on Lancashire from GBX 675 ($8.82) to GBX 665 ($8.69) and set an add rating for the company in a report on Thursday, November 22nd. Berenberg Bank reissued a buy rating and issued a GBX 675 ($8.82) target price on shares of Lancashire in a research note on Monday, December 10th. Barclays lowered their target price on Lancashire from GBX 636 ($8.31) to GBX 623 ($8.14) and set an equal weight rating for the company in a research note on Thursday, December 13th. UBS Group reissued a buy rating and issued a GBX 655 ($8.56) target price (up previously from GBX 640 ($8.36)) on shares of Lancashire in a research note on Thursday, January 3rd. Finally, JPMorgan Chase & Co. upped their price target on Lancashire from GBX 570 ($7.45) to GBX 580 ($7.58) and gave the company a neutral rating in a research report on Tuesday, February 5th. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Lancashire presently has an average rating of Buy and a consensus price target of GBX 672.82 ($8.79).

Shares of LON LRE traded up GBX 3.50 ($0.05) during mid-day trading on Thursday, hitting GBX 672 ($8.78). The company had a trading volume of 359,337 shares, compared to its average volume of 1,020,000. The stock has a market cap of $1.34 billion and a PE ratio of 35.94. Lancashire has a 1 year low of GBX 505 ($6.60) and a 1 year high of GBX 668.50 ($8.74). The company has a debt-to-equity ratio of 30.42, a quick ratio of 0.87 and a current ratio of 1.28.

The firm also recently announced a dividend, which was paid on Wednesday, March 27th. Shareholders of record on Thursday, February 21st were paid a dividend of $0.10 per share. The ex-dividend date was Thursday, February 21st. This represents a yield of 1.23%. Lancashire’s dividend payout ratio is 0.80%.

In other Lancashire news, insider Elaine Whelan sold 1,334 shares of the stock in a transaction on Wednesday, February 20th. The stock was sold at an average price of GBX 650 ($8.49), for a total transaction of £8,671 ($11,330.20).

About Lancashire

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 coverage 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.

Featured Story: What is a short straddle?

Analyst Recommendations for Lancashire (LON:LRE)

Receive News & Ratings for Lancashire Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lancashire and related companies with's FREE daily email newsletter.