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

Key Points

• The stock price of Lancashire Holdings Limited surpassed its 200-day moving average, reaching a high of GBX 676 ($9.11), with recent trades at GBX 671 ($9.05).
• Analysts have mixed ratings on Lancashire, with a consensus target price of GBX 690.25 and two analysts assigning a "Buy" rating.
• Insider buying activity was noted, with significant purchases from insiders Bryan Joseph and Philip Broadley at prices around GBX 609 and GBX 637, respectively.

Shares of Lancashire Holdings Limited (LON:LRE - Get Free Report) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 598.36 ($8.07) and traded as high as GBX 676 ($9.11). Lancashire shares last traded at GBX 671 ($9.05), with a volume of 377,848 shares trading hands.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Peel Hunt lowered Lancashire to a "hold" rating and raised their price objective for the company from GBX 630 to GBX 645 in a research report on Thursday, August 21st. JPMorgan Chase & Co. reaffirmed a "neutral" rating on shares of Lancashire in a research report on Friday, July 18th. Berenberg Bank reaffirmed a "hold" rating and set a GBX 670 price objective on shares of Lancashire in a research report on Thursday, August 7th. Royal Bank Of Canada reaffirmed an "outperform" rating and set a GBX 750 price objective on shares of Lancashire in a research report on Thursday, August 7th. Finally, Citigroup raised their price objective on Lancashire from GBX 656 to GBX 696 and gave the company a "buy" rating in a research report on Wednesday, August 13th. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of GBX 690.25.

Lancashire Trading Up 0.3%

The firm has a 50 day simple moving average of GBX 626.22 and a 200 day simple moving average of GBX 598.36. 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 firm has a market capitalization of £1.62 billion, a PE ratio of 729.35, a P/E/G ratio of 0.21 and a beta of 0.62.

Insider Buying and Selling at Lancashire

In other Lancashire news, insider Bryan Joseph bought 1,200 shares of the business's stock in a transaction on Friday, August 15th. The shares were acquired at an average cost of GBX 609 per share, for a total transaction of £7,308. Also, insider Philip Broadley bought 4,700 shares of the business's stock in a transaction on Thursday, September 18th. The shares were acquired at an average price of GBX 637 per share, for a total transaction of £29,939. Company insiders own 4.61% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.