Lancashire shares down after Barclays cuts rating to 'underweight'

Lancashire Holdings

23/10/2026 08:22

** Shares of British insurer Lancashire Holdings LRE.L down 2.6% at 674p
** Barclays downgrades company to "underweight" from "equal-weight" and cuts target price to 530p from 560p
** "We forecast 2026E total DPS of $1.17, implying c.10% dividend yield to mid-2027. However, we think the outlook beyond that is less supportive," Barclays says
** Seven of the 14 analysts covering the stock have a "buy" or higher rating, 5 has "hold" while 2 rate it at "sell" or lower; median PT is 650p, according to LSEG-compiled data
** YTD, Lancashire stock has risen ~15% 
     
     
     

 (Reporting by Tuhina in Bengaluru)
 ((tuhina@thomsonreuters.com))