Lancashire (LON:LRE) Shares Cross Above 200 Day Moving Average - Time to Sell?

Key Points

• Lancashire Holdings Limited shares have crossed above their 200-day moving average, reaching a trading high of GBX 595 ($8.08) this week.
• Wall Street analysts have mixed opinions on the stock, with targets ranging from GBX 645 to GBX 750; the consensus rating is currently a "Hold".
• Recent insider transactions included purchases by Bryan Joseph and Sally Williams, indicating confidence from company insiders in the stock's performance.

Lancashire Holdings Limited (LON:LRE - Get Free Report) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 591.85 ($8.04) and traded as high as GBX 595 ($8.08). Lancashire shares last traded at GBX 591 ($8.03), with a volume of 218,416 shares.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on LRE. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a GBX 750 price objective on shares of Lancashire in a report on Thursday, August 7th. JPMorgan Chase & Co. reissued a "neutral" rating on shares of Lancashire in a research report on Friday, July 18th. Berenberg Bank restated a "hold" rating and set a GBX 670 target price on shares of Lancashire in a research report on Thursday, August 7th. Citigroup lifted their target price on shares of Lancashire from GBX 656 to GBX 696 and gave the stock a "buy" rating in a research note on Wednesday, August 13th. Finally, Peel Hunt downgraded Lancashire to a "hold" rating and boosted their price objective for the company from GBX 630 to GBX 645 in a report on Thursday, August 21st. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of GBX 690.25.

Lancashire Stock Up 0.5%

The company has a current ratio of 33.62, a quick ratio of 1.18 and a debt-to-equity ratio of 31.26. The business's fifty day moving average price is GBX 612.26 and its two-hundred day moving average price is GBX 592.20. The firm has a market cap of £1.47 billion, a P/E ratio of 659.78, a P/E/G ratio of 0.21 and a beta of 0.62.

Insider Buying and Selling at Lancashire

In related news, insider Bryan Joseph acquired 1,200 shares of the stock in a transaction on Friday, August 15th. The shares were purchased at an average price of GBX 609 per share, for a total transaction of £7,308. Also, insider Sally Williams acquired 868 shares of Lancashire stock in a transaction dated Tuesday, June 17th. The stock was purchased at an average cost of GBX 575 per share, for a total transaction of £4,991. 4.61% 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.