Lancashire (LON:LRE – Free Report) had its price target trimmed by Barclays from GBX 800 ($10.05) to GBX 790 ($9.92) in a report published on Friday, Marketbeat.com reports. The firm currently has an equal weight rating on the stock.
A number of other brokerages have also commented on LRE. Berenberg Bank reiterated a buy rating and set a GBX 800 ($10.05) price target on shares of Lancashire in a report on Friday, March 8th. JPMorgan Chase & Co. reaffirmed a neutral rating and issued a GBX 750 ($9.42) price target on shares of Lancashire in a report on Thursday, March 7th. Finally, Royal Bank of Canada restated an outperform rating and set a GBX 825 ($10.36) price objective on shares of Lancashire in a research report on Friday. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of Moderate Buy and a consensus price target of GBX 792 ($9.95).
Read Our Latest Stock Report on Lancashire
Lancashire Stock Down 1.3 %
Lancashire Dividend Announcement
The business also recently disclosed a dividend, which will be paid on Friday, June 7th. Shareholders of record on Thursday, May 9th will be paid a dividend of $0.50 per share. The ex-dividend date is Thursday, May 9th. This represents a yield of 5.86%. Lancashire’s dividend payout ratio is currently 1,523.81%.
About Lancashire
Lancashire Holdings Limited, together with its subsidiaries, provides specialty insurance and reinsurance products in London, Bermuda, Australia, and the United States. The company operates through two segments, Reinsurance and Insurance. It offers property direct and facultative, property political risk and sovereign risk, and property terrorism and political violence insurance products; and aviation AV52, aviation consortium, airline hull and liability, and satellite insurance products.
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