Lancashire (LON:LRE) Stock Price Breaks Above 200-Day Moving Average – Should You Sell?
by Sarita Garza · The Markets DailyShares of Lancashire Holdings Limited (LON:LRE – Get Free Report) crossed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of GBX 615.13 and traded as high as GBX 651. Lancashire shares last traded at GBX 646.50, with a volume of 13,873,045 shares traded.
Wall Street Analysts Forecast Growth
Several equities analysts have commented on the stock. Berenberg Bank reiterated a “hold” rating and issued a GBX 700 price target on shares of Lancashire in a research note on Thursday, July 30th. Jefferies Financial Group restated a “buy” rating and set a GBX 698 price objective on shares of Lancashire in a research report on Wednesday, July 29th. Finally, Royal Bank Of Canada lowered their target price on shares of Lancashire from GBX 580 to GBX 560 and set an “underperform” rating for the company in a report on Thursday, July 30th. Three equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Lancashire currently has an average rating of “Hold” and a consensus target price of GBX 664.33.
Lancashire Trading Down 0.9%
The firm has a market capitalization of £1.56 billion, a PE ratio of 4.97, a P/E/G ratio of 0.21 and a beta of 0.46. The company has a fifty day moving average price of GBX 619.98 and a two-hundred day moving average price of GBX 615.31.
Insider Transactions at Lancashire
In other news, insider Philip Broadley purchased 1,745 shares of the business’s stock in a transaction on Tuesday, September 8th. The shares were bought at an average price of GBX 630 per share, with a total value of £10,993.50. 5.31% of the stock is owned by corporate insiders.
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. The company also provides Marine Builders Risk, marine hull, total loss and war, mortgagees interests insurance, mortgagees additional perils, excess protection and indemnity, marine war, and builder's risks; and energy insurance products covering upstream operational, downstream and onshore operational, and upstream construction all risks business.