Royal Bank of Canada reiterated their outperform rating on shares of Lancashire (LON:LRE – Free Report) in a report issued on Friday morning, MarketBeat Ratings reports. The firm currently has a GBX 825 ($10.36) target price on the stock.
LRE has been the topic of a number of other reports. JPMorgan Chase & Co. reiterated a neutral rating and issued a GBX 750 ($9.42) price target on shares of Lancashire in a research report on Thursday, March 7th. Berenberg Bank reiterated a buy rating and issued a GBX 800 ($10.05) price target on shares of Lancashire in a research report on Friday, March 8th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of Moderate Buy and an average price target of GBX 792 ($9.95).
Read Our Latest Analysis on LRE
Lancashire Stock Performance
Lancashire Announces Dividend
The firm also recently announced a dividend, which will be paid on Friday, June 7th. Stockholders of record on Thursday, May 9th will be issued a dividend of $0.50 per share. This represents a dividend yield of 5.86%. The ex-dividend date of this dividend is Thursday, May 9th. Lancashire’s payout ratio is presently 1,523.81%.
Lancashire Company Profile
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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