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

Lancashire Holdings Limited (LON:LRE - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 606.15 ($8.10) and traded as high as GBX 642 ($8.58). Lancashire shares last traded at GBX 642 ($8.58), with a volume of 269,671 shares changing hands.

Wall Street Analysts Forecast Growth

LRE has been the subject of a number of research reports. JPMorgan Chase & Co. reiterated a "neutral" rating on shares of Lancashire in a research report on Friday, July 18th. Citigroup raised their price objective on Lancashire from GBX 656 to GBX 696 and gave the stock a "buy" rating in a research report on Wednesday, August 13th. Berenberg Bank reiterated a "hold" rating and issued a GBX 670 price objective on shares of Lancashire in a research report on Thursday, August 7th. Peel Hunt downgraded Lancashire to a "hold" rating and raised their price objective for the stock from GBX 630 to GBX 645 in a research report on Thursday, August 21st. Finally, Royal Bank Of Canada downgraded Lancashire to an "underperform" rating and reduced their price objective for the stock from GBX 750 to GBX 600 in a research report on Tuesday, October 14th. One analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of GBX 652.75.

Lancashire Stock Performance

The company has a market capitalization of £1.56 billion, a P/E ratio of 6.99, a PEG ratio of 0.21 and a beta of 0.62. The stock has a fifty day simple moving average of GBX 635.50 and a 200-day simple moving average of GBX 606.15. The company has a quick ratio of 1.18, a current ratio of 33.62 and a debt-to-equity ratio of 31.26.

Insiders Place Their Bets

In other Lancashire news, insider Bryan Joseph purchased 1,200 shares of the business's stock in a transaction that occurred on Friday, August 15th. The stock was acquired at an average cost of GBX 609 per share, with a total value of £7,308. Also, insider Philip Broadley purchased 4,700 shares of the business's stock in a transaction that occurred on Thursday, September 18th. The stock was acquired at an average cost of GBX 637 per share, with a total value of £29,939. 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.

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