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

Lancashire Holdings Limited (LON:LRE) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 617.89 and traded as high as GBX 655.50. Lancashire shares last traded at GBX 650.21, with a volume of 586,665 shares.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group reissued a “buy” rating and set a GBX 698 price objective on shares of Lancashire in a research note on Thursday, April 30th. Three analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Lancashire has an average rating of “Hold” and an average target price of GBX 675.17.

Lancashire Price Performance

The company has a 50-day moving average of GBX 615.53 and a two-hundred day moving average of GBX 617.89. The stock has a market capitalization of £1.58 billion, a PE ratio of 5.56, a P/E/G ratio of 0.21 and a beta of 0.47. The company has a debt-to-equity ratio of 31.62, a current ratio of 711.51 and a quick ratio of 1.18.

Insider Buying and Selling

In related news, insider Philip Broadley acquired 4,225 shares of the company’s stock in a transaction dated Thursday, April 30th. The stock was bought at an average price of GBX 566 per share, with a total value of £23,913.50. 5.32% of the stock is owned by company insiders.

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.