Peel Hunt Lowers Lancashire (LRE) Price Target to GBX 665

Lancashire (LON:LRE) had its target price lowered by Peel Hunt from GBX 675 ($8.82) to GBX 665 ($8.69) in a report published on Thursday. Peel Hunt currently has an add rating on the stock.

Several other analysts also recently issued reports on LRE. Numis Securities raised shares of Lancashire to a buy rating in a research note on Thursday, July 26th. Berenberg Bank raised shares of Lancashire to a hold rating and set a GBX 600 ($7.84) price objective for the company in a research note on Wednesday, August 22nd. Canaccord Genuity reissued a buy rating and issued a GBX 720 ($9.41) price objective on shares of Lancashire in a research note on Thursday, September 6th. Barclays raised their price objective on shares of Lancashire from GBX 667 ($8.72) to GBX 693 ($9.06) and gave the stock an equal weight rating in a research note on Friday, September 7th. Finally, Shore Capital reissued an under review rating on shares of Lancashire in a research note on Monday, October 8th. Eight equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has an average rating of Hold and a consensus price target of GBX 645.64 ($8.44).

LON LRE traded up GBX 3.50 ($0.05) during trading on Thursday, hitting GBX 647.50 ($8.46). The stock had a trading volume of 121,759 shares, compared to its average volume of 1,020,000. Lancashire has a one year low of GBX 542.50 ($7.09) and a one year high of GBX 773.50 ($10.11).

The firm also recently announced a dividend, which will be paid on Wednesday, December 12th. Investors of record on Thursday, November 8th will be given a dividend of $0.20 per share. The ex-dividend date is Thursday, November 8th. This is an increase from Lancashire’s previous dividend of $0.05. This represents a yield of 2.52%.

About Lancashire

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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Analyst Recommendations for Lancashire (LON:LRE)

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