Lancashire (LON:LRE) had its target price lowered by JPMorgan Chase & Co. from GBX 725 ($10.02) to GBX 650 ($8.98) in a research note published on Monday, February 19th. The firm currently has a neutral rating on the stock.
Other equities analysts have also recently issued research reports about the stock. Stockdale Securities reiterated an add rating and issued a GBX 800 ($11.05) price objective on shares of Lancashire in a research note on Monday, November 6th. Peel Hunt reiterated an add rating and issued a GBX 690 ($9.53) price objective on shares of Lancashire in a research note on Thursday, November 2nd. Numis Securities upgraded shares of Lancashire to an add rating and set a GBX 775 ($10.71) price objective on the stock in a research note on Thursday, February 15th. Shore Capital Group reiterated a buy rating on shares of Lancashire in a research note on Thursday, November 2nd. Finally, Shore Capital reissued a buy rating on shares of Lancashire in a report on Thursday, November 2nd. Three analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus price target of GBX 686.92 ($9.49).
Shares of Lancashire (LRE) traded down GBX 3 ($0.04) during trading hours on Monday, hitting GBX 567 ($7.83). 592,878 shares of the stock traded hands, compared to its average volume of 1,010,000. Lancashire has a 52-week low of GBX 542.50 ($7.50) and a 52-week high of GBX 773.50 ($10.69). The company has a market cap of $1,140.00 and a PE ratio of -2,180.77.
The company also recently announced a dividend, which will be paid on Wednesday, March 21st. Investors of record on Thursday, February 22nd will be issued a $0.10 dividend. This represents a yield of 1.25%. This is a positive change from Lancashire’s previous dividend of $0.05. The ex-dividend date of this dividend is Thursday, February 22nd.
In related news, insider Peter Clarke acquired 16,000 shares of the business’s stock in a transaction on Friday, February 16th. The stock was acquired at an average cost of GBX 567 ($7.83) per share, with a total value of £90,720 ($125,338.49). Also, insider Samantha Hoe-Richardson acquired 1,409 shares of the business’s stock in a transaction on Monday, February 19th. The shares were bought at an average cost of GBX 568 ($7.85) per share, with a total value of £8,003.12 ($11,057.09).
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Lancashire Company Profile
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.
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