JPMorgan Chase & Co. Boosts Lancashire (LON:LRE) Price Target to GBX 650

Lancashire (LON:LRE) had its price objective hoisted by JPMorgan Chase & Co. from GBX 615 ($8.04) to GBX 650 ($8.49) in a research report released on Tuesday, ThisIsMoney.Co.Uk reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

Other analysts also recently issued research reports about the stock. Barclays decreased their price objective on shares of Lancashire from GBX 676 ($8.83) to GBX 661 ($8.64) and set an equal weight rating for the company in a report on Wednesday, April 3rd. Numis Securities restated an add rating and set a GBX 705 ($9.21) price objective on shares of Lancashire in a report on Wednesday, May 1st. Royal Bank of Canada raised their price objective on shares of Lancashire from GBX 725 ($9.47) to GBX 750 ($9.80) and gave the stock an outperform rating in a report on Tuesday, June 11th. Shore Capital reiterated a hold rating on shares of Lancashire in a research report on Thursday, July 25th. Finally, Peel Hunt reiterated a hold rating and set a GBX 660 ($8.62) target price (down previously from GBX 705 ($9.21)) on shares of Lancashire in a research report on Thursday, July 25th. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Lancashire currently has an average rating of Buy and an average target price of GBX 697.22 ($9.11).

LON LRE traded down GBX 1 ($0.01) during trading hours on Tuesday, reaching GBX 698 ($9.12). 303,438 shares of the company were exchanged, compared to its average volume of 1,020,000. Lancashire has a 1 year low of GBX 505 ($6.60) and a 1 year high of GBX 731 ($9.55). The firm has a 50 day simple moving average of GBX 699.66. The company has a quick ratio of 1.48, a current ratio of 2.19 and a debt-to-equity ratio of 31.04. The company has a market cap of $1.41 billion and a PE ratio of 6,980.00.

The firm also recently announced a dividend, which will be paid on Friday, September 6th. Shareholders of record on Thursday, August 8th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Thursday, August 8th. This represents a yield of 0.56%. Lancashire’s dividend payout ratio is presently 80.00%.

In other Lancashire news, insider Sally Williams bought 1,414 shares of the business’s stock in a transaction on Friday, July 26th. The stock was purchased at an average price of GBX 709 ($9.26) per share, for a total transaction of £10,025.26 ($13,099.78).

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 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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Analyst Recommendations for Lancashire (LON:LRE)

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