Lancashire (LON:LRE) Sets New 1-Year High – What’s Next?

Lancashire Holdings Limited (LON:LRE)’s share price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 699 ($9.39) and last traded at GBX 696 ($9.34), with a volume of 114333 shares changing hands. The stock had previously closed at GBX 694 ($9.32).

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on LRE shares. Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 750 price target on shares of Lancashire in a report on Thursday, August 7th. Citigroup raised their price target on Lancashire from GBX 656 to GBX 696 and gave the company a “buy” rating in a report on Wednesday, August 13th. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Lancashire in a report on Friday, July 18th. Berenberg Bank reiterated a “hold” rating and issued a GBX 670 price target on shares of Lancashire in a report on Thursday, August 7th. Finally, Peel Hunt cut Lancashire to a “hold” rating and raised their price target for the company from GBX 630 to GBX 645 in a report on Thursday, August 21st. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of GBX 690.25.

Lancashire Stock Performance

The company has a market cap of £1.68 billion, a price-to-earnings ratio of 754.35, a price-to-earnings-growth ratio of 0.21 and a beta of 0.62. The company has a debt-to-equity ratio of 31.26, a current ratio of 33.62 and a quick ratio of 1.18. The stock has a 50-day moving average price of GBX 628.58 and a 200 day moving average price of GBX 600.35.

Insider Buying and Selling

In other news, insider Philip Broadley bought 4,700 shares of the company’s stock in a transaction that occurred on Thursday, September 18th. The shares were acquired at an average price of GBX 637 per share, with a total value of £29,939. Also, insider Bryan Joseph bought 1,200 shares of the company’s stock in a transaction that occurred on Friday, August 15th. The stock was purchased at an average cost of GBX 609 per share, for a total transaction of £7,308. 4.61% of the stock is currently 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.