Lancashire (LON:LRE) Share Price Passes Above 200 Day Moving Average - Time to Sell?

Key Points

• The share price of Lancashire Holdings Limited has recently surpassed its 200-day moving average, marking a potential upward trend.
• Royal Bank of Canada and Citigroup have both set optimistic target prices for Lancashire, with target prices of GBX 750 ($10.15) and GBX 696 ($9.42) respectively.
• Insider activity shows that director Sally Williams purchased shares at an average price of GBX 575 ($7.78), indicating insider confidence in the company's prospects.

Shares of Lancashire Holdings Limited (LON:LRE - Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 593.79 ($8.03) and traded as high as GBX 619 ($8.38). Lancashire shares last traded at GBX 610 ($8.25), with a volume of 461,124 shares changing hands.

Wall Street Analyst Weigh In

LRE has been the topic of a number of recent research reports. Royal Bank Of Canada reissued an "outperform" rating and issued a GBX 750 ($10.15) target price on shares of Lancashire in a report on Thursday, August 7th. Citigroup upped their target price on shares of Lancashire from GBX 656 ($8.88) to GBX 696 ($9.42) and gave the company a "buy" rating in a report on Wednesday. Berenberg Bank reaffirmed a "hold" rating and set a GBX 670 ($9.07) target price on shares of Lancashire in a report on Thursday, August 7th. Finally, JPMorgan Chase & Co. reaffirmed a "neutral" rating on shares of Lancashire in a report on Friday, July 18th.

Lancashire Price Performance

The firm has a 50 day moving average price of GBX 600.18 and a 200 day moving average price of GBX 593.79. 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 stock has a market cap of £1.85 billion, a P/E ratio of 11.72, a P/E/G ratio of 0.21 and a beta of 0.62.

Insider Activity at Lancashire

In related news, insider Sally Williams acquired 868 shares of the firm's stock in a transaction dated Tuesday, June 17th. The shares were purchased at an average price of GBX 575 ($7.78) per share, with a total value of £4,991 ($6,752.81). 0.64% 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.

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