Lancashire (LON:LRE) Stock Price Passes Above 200 Day Moving Average of $616.84

Lancashire Holdings Limited (LON:LRE) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 616.84 ($7.84) and traded as high as GBX 626 ($7.95). Lancashire shares last traded at GBX 616 ($7.83), with a volume of 444,284 shares trading hands.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on LRE shares. Royal Bank of Canada reaffirmed an “outperform” rating and set a GBX 825 ($10.48) price target on shares of Lancashire in a report on Friday, May 3rd. Berenberg Bank reissued a “buy” rating and set a GBX 800 ($10.17) target price on shares of Lancashire in a report on Friday, March 8th. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 740 ($9.40) price target on shares of Lancashire in a report on Wednesday, May 29th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a GBX 750 ($9.53) price target on shares of Lancashire in a report on Thursday, March 7th. Finally, Barclays dropped their price target on Lancashire from GBX 800 ($10.17) to GBX 790 ($10.04) and set an “equal weight” rating on the stock in a report on Friday, May 3rd. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of GBX 781 ($9.92).

Lancashire Price Performance

The company has a quick ratio of 1.18, a current ratio of 1.62 and a debt-to-equity ratio of 31.25. The firm has a market capitalization of £1.47 billion, a price-to-earnings ratio of 609.90, a P/E/G ratio of 0.21 and a beta of 0.58. The stock’s 50 day moving average price is GBX 607.46 and its two-hundred day moving average price is GBX 616.84.

Insider Transactions at Lancashire

In other Lancashire news, insider Philip Broadley acquired 18,049 shares of the firm’s stock in a transaction that occurred on Wednesday, May 15th. The stock was purchased at an average cost of GBX 633 ($8.04) per share, for a total transaction of £114,250.17 ($145,171.75). 0.63% of the stock is currently owned by company 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.