Lancashire (LON:LRE) Share Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Lancashire Holdings Limited (LON:LRE) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 617.82 and traded as high as GBX 622. Lancashire shares last traded at GBX 613.18, with a volume of 16,035,908 shares changing hands.

Analysts Set New Price Targets

LRE has been the topic of a number of recent analyst reports. Royal Bank Of Canada decreased their target price on shares of Lancashire from GBX 580 to GBX 560 and set an “underperform” rating on the stock in a research report on Thursday, July 30th. Berenberg Bank reissued a “hold” rating and issued a GBX 700 price target on shares of Lancashire in a research note on Thursday, July 30th. Finally, Jefferies Financial Group restated a “buy” rating and issued a GBX 698 price objective on shares of Lancashire in a report on Wednesday, July 29th. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Lancashire presently has an average rating of “Hold” and an average target price of GBX 664.33.

Lancashire Stock Down 0.6%

The firm has a 50-day moving average price of GBX 624.22 and a 200 day moving average price of GBX 617.62. The firm has a market capitalization of £1.51 billion, a PE ratio of 4.81, a price-to-earnings-growth ratio of 0.21 and a beta of 0.46.

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.