Lancashire (LON:LRE) Shares Pass Above Two Hundred Day Moving Average – Time to Sell?

Lancashire Holdings Limited (LON:LRE)’s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred 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 trading hands.

Analyst Upgrades and Downgrades

LRE has been the subject of several recent research reports. Royal Bank Of Canada boosted their target price 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. Berenberg Bank lifted their price target on shares of Lancashire from GBX 670 to GBX 700 and gave the company a “hold” rating in a report on Wednesday, November 5th. Citigroup increased their price objective 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. Peel Hunt reissued a “hold” rating and issued a GBX 645 target price on shares of Lancashire in a report on Wednesday, November 5th. Finally, The Goldman Sachs Group decreased their target price on Lancashire from GBX 763 to GBX 658 and set a “buy” rating for the company in a research note on Wednesday, January 21st. 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 a consensus rating of “Hold” and a consensus target price of GBX 681.50.

Lancashire Stock Performance

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

Insiders Place Their Bets

In related news, insider Bob Cox acquired 2,000 shares of the business’s stock in a transaction on Friday, November 14th. The shares were purchased at an average price of GBX 582 per share, for a total transaction of £11,640. Also, insider Philip Broadley purchased 5,580 shares of Lancashire stock in a transaction that occurred on Friday, December 12th. The stock was purchased 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.

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.