Lancashire (LON:LRE) Share Price Crosses Above 200-Day Moving Average – Time to Sell?

Lancashire Holdings Limited (LON:LRE) shares passed above its 200-day moving average during trading on Friday. The stock has a 200-day moving average of GBX 616.60 and traded as high as GBX 640. Lancashire shares last traded at GBX 638.50, with a volume of 310,703 shares trading hands.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Berenberg Bank reiterated a “hold” rating and set a GBX 700 target price on shares of Lancashire in a research note on Thursday, July 30th. Jefferies Financial Group reiterated a “buy” rating and set a GBX 698 price target on shares of Lancashire in a research report on Wednesday, July 29th. Finally, Royal Bank Of Canada dropped 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 investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of GBX 664.33.

Lancashire Stock Up 0.6%

The company has a 50 day simple moving average of GBX 619.59 and a 200 day simple moving average of GBX 616.60. The company has a market capitalization of £1.55 billion, a price-to-earnings ratio of 4.95, a price-to-earnings-growth ratio of 0.21 and a beta of 0.46.

Insider Buying and Selling at Lancashire

In other Lancashire news, insider Philip Broadley bought 1,745 shares of Lancashire stock in a transaction that occurred on Tuesday, September 8th. The shares were acquired at an average price of GBX 630 per share, for a total transaction of £10,993.50. Insiders own 5.31% of the company’s stock.

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.