Lancashire Holdings Limited (LON:LRE - Get Free Report)'s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 599.20 ($8.14) and traded as high as GBX 599.63 ($8.15). Lancashire shares last traded at GBX 590 ($8.02), with a volume of 393,252 shares.
Wall Street Analyst Weigh In
A number of brokerages recently commented on LRE. Citigroup lowered their target price on shares of Lancashire from GBX 709 ($9.63) to GBX 656 ($8.91) and set a "buy" rating for the company in a research note on Thursday. Berenberg Bank assumed coverage on Lancashire in a report on Thursday, May 29th. They set a "hold" rating and a GBX 670 ($9.10) price target on the stock.
Read Our Latest Stock Analysis on LRE
Lancashire Stock Down 0.5%
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 firm has a market capitalization of £1.77 billion, a price-to-earnings ratio of 11.18, a PEG ratio of 0.21 and a beta of 0.62. The firm has a fifty day moving average price of GBX 586.31 and a 200 day moving average price of GBX 599.20.
Insider Activity
In other Lancashire news, insider Philip Broadley purchased 1,800 shares of the stock in a transaction dated Friday, May 2nd. The shares were acquired at an average cost of GBX 583 ($7.92) per share, for a total transaction of £10,494 ($14,256.22). Also, insider Sally Williams purchased 868 shares of the company's stock in a transaction on Tuesday, June 17th. The shares were bought at an average cost of GBX 575 ($7.81) per share, with a total value of £4,991 ($6,780.33). Corporate insiders own 0.64% of the company's stock.
About Lancashire
(
Get Free Report)
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.
See Also
Before you consider Lancashire, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Lancashire wasn't on the list.
While Lancashire currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
