Lancashire (LON:LRE) Stock Price Passes Above 200-Day Moving Average – Here’s What Happened

Lancashire Holdings Limited (LON:LRE) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 626.73 and traded as high as GBX 676. Lancashire shares last traded at GBX 671, with a volume of 665,918 shares traded.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Citigroup lifted their target price on shares of Lancashire from GBX 696 to GBX 725 and gave the stock a “buy” rating in a research note on Thursday, November 6th. Royal Bank Of Canada boosted their price target on shares of Lancashire from GBX 600 to GBX 625 and gave the stock an “underperform” rating in a research report on Thursday, November 6th. Peel Hunt reiterated a “hold” rating and issued a GBX 645 price objective on shares of Lancashire in a report on Wednesday, November 5th. Jefferies Financial Group dropped 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. Finally, Berenberg Bank lifted their price objective on Lancashire from GBX 670 to GBX 700 and gave the stock a “hold” rating in a research report on Wednesday, November 5th. Three research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Lancashire has an average rating of “Hold” and an average target price of GBX 681.50.

Lancashire Stock Down 0.2%

The firm has a 50-day moving average of GBX 624.63 and a two-hundred day moving average of GBX 626.73. The company has a quick ratio of 1.18, a current ratio of 33.62 and a debt-to-equity ratio of 31.26. The company has a market capitalization of £1.60 billion, a PE ratio of 7.20, a price-to-earnings-growth ratio of 0.21 and a beta of 0.62.

Insider Buying and Selling

In related news, insider Philip Broadley bought 5,580 shares of the firm’s stock in a transaction on Friday, December 12th. The shares were bought at an average price of GBX 594 per share, with a total value of £33,145.20. 4.62% of the stock is owned by insiders.

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. 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.