Morgan Stanley began coverage on shares of Lancashire (LON:LRE) in a research report released on Friday morning, ThisIsMoney.Co.Uk reports. The brokerage issued an equal weight rating and a GBX 667 ($8.72) price objective on the stock.
Several other analysts have also recently issued reports on the company. UBS Group reaffirmed a buy rating on shares of Lancashire in a report on Thursday, May 9th. Shore Capital reaffirmed a hold rating on shares of Lancashire in a report on Thursday, May 2nd. Peel Hunt reaffirmed an add rating and set a GBX 700 ($9.15) price objective on shares of Lancashire in a report on Thursday, May 2nd. Numis Securities reaffirmed an add rating and set a GBX 705 ($9.21) price objective on shares of Lancashire in a report on Wednesday, May 1st. Finally, Berenberg Bank raised Lancashire to a buy rating and upped their price objective for the stock from GBX 600 ($7.84) to GBX 697 ($9.11) in a report on Thursday, April 11th. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Lancashire currently has an average rating of Hold and an average price target of GBX 685.56 ($8.96).
Shares of LRE opened at GBX 696 ($9.09) on Friday. The company has a market cap of $1.40 billion and a PE ratio of 37.22. Lancashire has a 1 year low of GBX 505 ($6.60) and a 1 year high of GBX 706 ($9.23). The company has a debt-to-equity ratio of 30.42, a quick ratio of 0.87 and a current ratio of 1.28.
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.
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