Lancashire Holdings Limited (LON:LRE - Get Free Report)'s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 591.85 ($8.03) and traded as high as GBX 595 ($8.07). Lancashire shares last traded at GBX 591 ($8.01), with a volume of 218,416 shares changing hands.
Analysts Set New Price Targets
LRE has been the subject of several analyst reports. Peel Hunt cut shares of Lancashire to a "hold" rating and boosted their target price for the company from GBX 630 to GBX 645 in a research report on Thursday, August 21st. JPMorgan Chase & Co. restated a "neutral" rating on shares of Lancashire in a research report on Friday, July 18th. Berenberg Bank restated a "hold" rating and issued a GBX 670 target price on shares of Lancashire in a research report on Thursday, August 7th. Citigroup boosted their target price on shares of Lancashire from GBX 656 to GBX 696 and gave the company a "buy" rating in a research report on Wednesday, August 13th. Finally, Royal Bank Of Canada restated an "outperform" rating and issued a GBX 750 target price on shares of Lancashire in a research report on Thursday, August 7th. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of GBX 690.25.
Check Out Our Latest Stock Report on Lancashire
Lancashire Stock Performance
The stock's 50-day moving average is GBX 612.84 and its 200-day moving average is GBX 592.29. The firm has a market capitalization of £1.49 billion, a price-to-earnings ratio of 670.65, a PEG ratio of 0.21 and a beta of 0.62. The company has a current ratio of 33.62, a quick ratio of 1.18 and a debt-to-equity ratio of 31.26.
Insider Buying and Selling
In other Lancashire news, insider Sally Williams acquired 868 shares of Lancashire stock in a transaction that occurred on Tuesday, June 17th. The shares were bought at an average price of GBX 575 per share, with a total value of £4,991. Also, insider Bryan Joseph acquired 1,200 shares of Lancashire stock in a transaction that occurred on Friday, August 15th. The stock was acquired at an average cost of GBX 609 per share, for a total transaction of £7,308. 4.61% of the stock is owned by corporate insiders.
Lancashire Company Profile
(
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.
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