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

Key Points

• Lancashire Holdings Limited's share price surpassed its 200-day moving average during recent trading, reaching a high of GBX 632 ($8.40) before closing at GBX 630.90 ($8.39).
• Analysts from Berenberg Bank set a "hold" rating with a price objective of GBX 670 ($8.90), while Citigroup lowered their target from GBX 709 ($9.42) to GBX 656 ($8.72) but maintained a "buy" rating.
• In insider trading news, Sally Williams acquired 868 shares at an average price of GBX 575 ($7.64), totaling approximately £4,991 ($6,633.44), representing 0.64% of the stock owned by insiders.

Lancashire Holdings Limited (LON:LRE - Get Free Report)'s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 594.65 ($7.90) and traded as high as GBX 632 ($8.40). Lancashire shares last traded at GBX 630.90 ($8.39), with a volume of 764,377 shares.

Analysts Set New Price Targets

Several analysts recently weighed in on LRE shares. Berenberg Bank started coverage on shares of Lancashire in a research note on Thursday, May 29th. They issued a "hold" rating and a GBX 670 ($8.90) price objective on the stock. JPMorgan Chase & Co. reissued a "neutral" rating on shares of Lancashire in a research note on Friday, July 18th. Finally, Citigroup reduced their price objective on shares of Lancashire from GBX 709 ($9.42) to GBX 656 ($8.72) and set a "buy" rating on the stock in a research note on Thursday, July 10th.

Lancashire Trading Up 0.5%

The firm has a market cap of £1.91 billion, a price-to-earnings ratio of 12.10, a price-to-earnings-growth ratio of 0.21 and a beta of 0.62. The company has a debt-to-equity ratio of 31.26, a current ratio of 33.62 and a quick ratio of 1.18. The firm's fifty day moving average is GBX 596.15 and its 200-day moving average is GBX 594.42.

Insider Transactions at Lancashire

In other news, insider Sally Williams bought 868 shares of the company's stock in a transaction that occurred on Tuesday, June 17th. The shares were acquired at an average price of GBX 575 ($7.64) per share, for a total transaction of £4,991 ($6,633.44). 0.64% of the stock is currently owned by 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.

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