Shore Capital restated their under review rating on shares of Lancashire (LON:LRE) in a report issued on Thursday morning.
Several other research analysts have also issued reports on the company. Peel Hunt reiterated an add rating on shares of Lancashire in a report on Monday, September 24th. Barclays increased their price target on Lancashire from GBX 667 ($8.72) to GBX 693 ($9.06) and gave the stock an equal weight rating in a report on Friday, September 7th. Canaccord Genuity reiterated a buy rating and issued a GBX 720 ($9.41) price target on shares of Lancashire in a report on Thursday, September 6th. JPMorgan Chase & Co. increased their price target on Lancashire from GBX 650 ($8.49) to GBX 725 ($9.47) and gave the stock a neutral rating in a report on Tuesday, October 9th. Finally, Berenberg Bank upgraded Lancashire to a hold rating and set a GBX 600 ($7.84) price target on the stock in a report on Wednesday, August 22nd. Nine analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock currently has a consensus rating of Hold and an average target price of GBX 675 ($8.82).
LON:LRE traded up GBX 6.50 ($0.08) on Thursday, hitting GBX 617 ($8.06). The stock had a trading volume of 500,545 shares, compared to its average volume of 1,020,000. Lancashire has a 52 week low of GBX 542.50 ($7.09) and a 52 week high of GBX 773.50 ($10.11).
The business also recently disclosed a dividend, which will be paid on Wednesday, December 12th. Stockholders of record on Thursday, November 8th will be paid a $0.20 dividend. The ex-dividend date is Thursday, November 8th. This is an increase from Lancashire’s previous dividend of $0.05. This represents a dividend yield of 2.52%.
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 a range of coverages 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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