Lancashire (LON:LRE) Stock Passes Above 200 Day Moving Average – What’s Next?

Shares of Lancashire Holdings Limited (LON:LRE) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 625.18 and traded as high as GBX 642. Lancashire shares last traded at GBX 637, with a volume of 1,464,579 shares.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on LRE shares. The Goldman Sachs Group decreased their price objective on shares of Lancashire from GBX 763 to GBX 658 and set a “buy” rating for the company in a report on Wednesday, January 21st. Jefferies Financial Group reduced their price target on Lancashire from GBX 820 to GBX 736 and set a “buy” rating for the company in a research report on Wednesday, November 12th. Peel Hunt reiterated a “hold” rating and set a GBX 645 price target on shares of Lancashire in a research note on Wednesday, November 5th. Citigroup increased their price objective on Lancashire from GBX 696 to GBX 725 and gave the company a “buy” rating in a report on Thursday, November 6th. Finally, Berenberg Bank boosted their target price on Lancashire from GBX 670 to GBX 700 and gave the stock a “hold” rating in a report on Wednesday, November 5th. Three research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of GBX 681.50.

Lancashire Price Performance

The stock has a market cap of £1.54 billion, a P/E ratio of 6.92, a price-to-earnings-growth ratio of 0.21 and a beta of 0.62. The company has a current ratio of 33.62, a quick ratio of 1.18 and a debt-to-equity ratio of 31.26. The company’s fifty day simple moving average is GBX 614.59 and its 200-day simple moving average is GBX 625.18.

Insider Buying and Selling

In related news, insider Bob Cox purchased 2,000 shares of the firm’s stock in a transaction dated Friday, November 14th. The shares were acquired at an average cost of GBX 582 per share, with a total value of £11,640. Also, insider Philip Broadley purchased 5,580 shares of the business’s stock in a transaction dated Friday, December 12th. The shares were purchased at an average cost of GBX 594 per share, for a total transaction of £33,145.20. Insiders own 4.62% of the company’s stock.

About Lancashire

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. The company also provides Marine Builders Risk, marine hull, total loss and war, mortgagees interests insurance, mortgagees additional perils, excess protection and indemnity, marine war, and builder's risks; and energy insurance products covering upstream operational, downstream and onshore operational, and upstream construction all risks business.