Lancashire (LON:LRE) Share Price Crosses Above 200-Day Moving Average of $694.00

Lancashire Holdings Limited (LON:LRE)’s stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $694.00 and traded as high as $695.50. Lancashire shares last traded at $676.00, with a volume of 280,267 shares trading hands.

A number of research firms have recently weighed in on LRE. JPMorgan Chase & Co. dropped their price objective on Lancashire from GBX 650 ($8.49) to GBX 645 ($8.43) and set an “overweight” rating for the company in a research note on Monday, September 16th. UBS Group reissued a “buy” rating and set a GBX 760 ($9.93) price objective (up previously from GBX 745 ($9.73)) on shares of Lancashire in a research note on Friday, July 26th. Shore Capital reissued a “hold” rating on shares of Lancashire in a research note on Thursday, July 25th. Peel Hunt reissued a “hold” rating on shares of Lancashire in a research note on Monday, September 30th. Finally, Barclays increased their price objective on Lancashire from GBX 727 ($9.50) to GBX 731 ($9.55) and gave the company an “equal weight” rating in a research note on Wednesday, October 16th. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Lancashire presently has a consensus rating of “Buy” and an average price target of GBX 704.44 ($9.20).

The company has a quick ratio of 1.48, a current ratio of 2.19 and a debt-to-equity ratio of 31.04. The company has a market cap of $1.37 billion and a P/E ratio of 6,760.00. The business has a fifty day moving average of GBX 711.12 and a 200 day moving average of GBX 694.

In other Lancashire news, insider Sally Williams bought 1,414 shares of the firm’s stock in a transaction that occurred on Friday, July 26th. The stock was bought at an average price of GBX 709 ($9.26) per share, for a total transaction of £10,025.26 ($13,099.78). Also, insider Alex Maloney sold 19,259 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of GBX 703 ($9.19), for a total value of £135,390.77 ($176,912.02).

Lancashire Company Profile (LON:LRE)

Lancashire Holdings Limited provides specialty insurance and reinsurance products worldwide. The company operates through five segments: Property, Energy, Marine, Aviation, and Lloyd's. It offers aviation insurance solutions; coverage for upstream operational and construction all risks related to wind, earthquakes, and floods, as well as standalone business interruption coverage; and coverage in marine portfolio, including marine hull, total loss only, mortgagees interests insurance, mortgagees additional perils, excess protection and indemnity, marine war, and builder's risks to high-profile accounts, cruise vessels, and liquid natural gas carriers.

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