Lancashire Holdings Limited 31.7% potential upside indicated by Berenberg Bank

Broker Ratings

Lancashire Holdings Limited with ticker (LON:LRE) now has a potential upside of 31.7% according to Berenberg Bank.

Berenberg Bank set a target price of 800 GBX for the company, which when compared to the Lancashire Holdings Limited share price of 547 GBX at opening today (21/10/2021) indicates a potential upside of 31.7%. Trading has ranged between 5 (52 week low) and 550 (52 week high) with an average of 458,247 shares exchanging hands daily. The market capitalisation at the time of writing is £1,290,933,486.

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. It operates as a specialty insurer/reinsurer operating in Bermuda and London across three platforms: rated insurers, Lloyd’s and collateralized security. Property reinsurance includes property catastrophe excess of loss, property per risk excess of loss and property retrocession lines of business. It provides coverage for natural catastrophes, such as hurricanes, earthquakes and floods. Its subsidiaries include Lancashire Insurance Company Limited, Lancashire Management Services (Canada) Limited and Lancashire Insurance Marketing Services Limited.

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