Lancashire (LON:LRE) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s Why

Lancashire Holdings Limited (LON:LRE) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 610.95 and traded as high as GBX 615.50. Lancashire shares last traded at GBX 606.93, with a volume of 269,773 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group restated a “buy” rating and set a GBX 698 price objective on shares of Lancashire in a report on Thursday, April 30th. Three analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of GBX 675.17.

Lancashire Price Performance

The company has a market cap of £1.49 billion, a price-to-earnings ratio of 5.26, a PEG 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 company’s fifty day moving average price is GBX 602.51 and its two-hundred day moving average price is GBX 610.95.

Insider Buying and Selling at Lancashire

In related news, insider Philip Broadley purchased 4,225 shares of Lancashire stock in a transaction dated Thursday, April 30th. The stock was bought at an average price of GBX 566 per share, for a total transaction of £23,913.50. 5.32% of the stock is 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. 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.