Lancashire (LON:LRE) Shares Pass Above Two Hundred Day Moving Average – Here’s Why

Lancashire Holdings Limited (LON:LRE)’s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 624.67 and traded as high as GBX 627. Lancashire shares last traded at GBX 627, with a volume of 448,009 shares traded.

Wall Street Analyst Weigh In

LRE has been the subject of a number of recent research reports. Royal Bank Of Canada boosted their price target on shares of Lancashire from GBX 600 to GBX 625 and gave the company an “underperform” rating in a research note on Thursday, November 6th. Citigroup boosted their target price on shares of Lancashire from GBX 696 to GBX 725 and gave the stock a “buy” rating in a research report on Thursday, November 6th. Peel Hunt restated a “hold” rating and issued a GBX 645 target price on shares of Lancashire in a report on Wednesday, November 5th. The Goldman Sachs Group cut their price target on Lancashire from GBX 763 to GBX 658 and set a “buy” rating for the company in a research note on Wednesday, January 21st. Finally, Jefferies Financial Group decreased their price objective on Lancashire from GBX 820 to GBX 736 and set a “buy” rating for the company in a report on Wednesday, November 12th. Three investment 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. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of GBX 681.50.

Lancashire Price Performance

The company has a debt-to-equity ratio of 31.26, a quick ratio of 1.18 and a current ratio of 33.62. The stock has a market cap of £1.52 billion, a PE ratio of 6.82, a P/E/G ratio of 0.21 and a beta of 0.62. The business has a 50 day moving average price of GBX 607.81 and a two-hundred day moving average price of GBX 624.67.

Insiders Place Their Bets

In other Lancashire news, insider Bob Cox bought 2,000 shares of the stock in a transaction on Friday, November 14th. The shares were acquired at an average price of GBX 582 per share, with a total value of £11,640. Also, insider Philip Broadley acquired 5,580 shares of the firm’s stock in a transaction that occurred on Friday, December 12th. The shares were bought at an average price of GBX 594 per share, for a total transaction of £33,145.20. 4.61% of the stock is owned by corporate 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.