Lancashire Holdings Limited (LON:LRE – Get Free Report)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 614.97 and traded as high as GBX 638. Lancashire shares last traded at GBX 632.85, with a volume of 348,151 shares traded.
Analyst Ratings Changes
A number of equities research analysts have recently weighed in on LRE shares. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 698 price target on shares of Lancashire in a research report on Wednesday, July 29th. Royal Bank Of Canada dropped their target price on Lancashire from GBX 580 to GBX 560 and set an “underperform” rating for the company in a research report on Thursday, July 30th. Finally, Berenberg Bank reaffirmed a “hold” rating and set a GBX 700 target price on shares of Lancashire 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 issued a Sell rating to the company. Based on data from MarketBeat.com, Lancashire currently has an average rating of “Hold” and an average target price of GBX 664.33.
Get Our Latest Analysis on LRE
Lancashire Price Performance
Insider Transactions at Lancashire
In other news, insider Philip Broadley acquired 1,745 shares of the firm’s stock in a transaction on Tuesday, September 8th. The stock was purchased 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.
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.
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