Lancashire (LON:LRE) Stock Price Crosses Above 200-Day Moving Average - Here's Why

Lancashire Holdings Limited (LON:LRE - Get Free Report)'s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 597.07 ($8.01) and traded as high as GBX 625 ($8.39). Lancashire shares last traded at GBX 622 ($8.35), with a volume of 288,626 shares traded.

Wall Street Analyst Weigh In

LRE has been the topic of a number of research reports. Citigroup reduced their target price on shares of Lancashire from GBX 709 ($9.52) to GBX 656 ($8.81) and set a "buy" rating on the stock in a research report on Thursday, July 10th. Berenberg Bank initiated coverage on shares of Lancashire in a research report on Thursday, May 29th. They set a "hold" rating and a GBX 670 ($8.99) target price on the stock. Finally, JPMorgan Chase & Co. reaffirmed a "neutral" rating on shares of Lancashire in a research report on Friday.

Lancashire Trading Up 0.6%

The company has a market capitalization of £1.89 billion, a PE ratio of 11.93, a price-to-earnings-growth ratio of 0.21 and a beta of 0.62. The company's fifty day moving average is GBX 590.59 and its 200-day moving average is GBX 596.84. The company has a debt-to-equity ratio of 31.26, a current ratio of 33.62 and a quick ratio of 1.18.

Insider Activity at Lancashire

In related news, insider Sally Williams acquired 868 shares of the stock in a transaction dated Tuesday, June 17th. The stock was acquired at an average cost of GBX 575 ($7.72) per share, for a total transaction of £4,991 ($6,699.33). Also, insider Philip Broadley acquired 1,800 shares of the stock in a transaction dated Friday, May 2nd. The shares were bought at an average price of GBX 583 ($7.83) per share, with a total value of £10,494 ($14,085.91). 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.