Lancashire (LON:LRE) Stock Crosses Below 50-Day Moving Average – Should You Sell?

Lancashire Holdings Limited (LON:LRE)’s stock price passed below its 50 day moving average during trading on Thursday. The stock has a 50 day moving average of GBX 660.08 and traded as low as GBX 639. Lancashire shares last traded at GBX 646.50, with a volume of 677,144 shares changing hands.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on LRE shares. Berenberg Bank restated a “hold” rating and issued a GBX 700 price objective on shares of Lancashire in a report on Thursday, July 30th. Jefferies Financial Group reissued a “buy” rating and issued a GBX 691 target price on shares of Lancashire in a report on Wednesday, November 4th. Finally, Royal Bank Of Canada cut their price target on Lancashire from GBX 580 to GBX 560 and set an “underperform” rating on the stock in a research note on Thursday, July 30th. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of GBX 652.25.

Lancashire Stock Up 1.5%

The firm has a fifty day simple moving average of GBX 660.08 and a 200-day simple moving average of GBX 628.42. The company has a market cap of £1.60 billion, a PE ratio of 5.09, a price-to-earnings-growth ratio of 0.21 and a beta of 0.46.

Insider Buying and Selling

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 currently owned by company 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.