Lancashire (LON:LRE) Share Price Passes Above 200 Day Moving Average – What’s Next?

Shares of Lancashire Holdings Limited (LON:LRE) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 617.89 and traded as high as GBX 655.50. Lancashire shares last traded at GBX 650.21, with a volume of 586,665 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group restated a “buy” rating and issued a GBX 698 price objective on shares of Lancashire in a report on Thursday, April 30th. Three equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of GBX 675.17.

Lancashire Trading Down 0.9%

The firm has a market capitalization of £1.57 billion, a price-to-earnings ratio of 5.52, a price-to-earnings-growth ratio of 0.21 and a beta of 0.47. The company has a quick ratio of 1.18, a current ratio of 711.51 and a debt-to-equity ratio of 31.62. The firm’s 50 day moving average is GBX 616.54 and its 200 day moving average is GBX 618.08.

Insider Activity

In related news, insider Philip Broadley bought 4,225 shares of the business’s stock in a transaction dated Thursday, April 30th. The shares were bought at an average cost of GBX 566 per share, with a total value of £23,913.50. 5.32% of the stock is owned by 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.