Lancashire (LON:LRE) Shares Cross Above 200-Day Moving Average of $422.46

Lancashire Holdings Limited (LON:LREGet Rating) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 422.46 ($5.10) and traded as high as GBX 544.50 ($6.58). Lancashire shares last traded at GBX 529.50 ($6.40), with a volume of 256,063 shares.

Analysts Set New Price Targets

LRE has been the subject of a number of research analyst reports. Barclays boosted their target price on shares of Lancashire from GBX 487 ($5.88) to GBX 528 ($6.38) and gave the stock an “equal weight” rating in a research note on Monday, August 15th. Royal Bank of Canada upped their target price on shares of Lancashire from GBX 525 ($6.34) to GBX 550 ($6.65) and gave the company an “outperform” rating in a research note on Thursday, July 28th. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 700 ($8.46) target price on shares of Lancashire in a research note on Thursday, July 28th. Finally, JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a GBX 620 ($7.49) target price on shares of Lancashire in a research note on Thursday, July 28th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of GBX 580.29 ($7.01).

Lancashire Price Performance

The company’s fifty day moving average price is GBX 469.16 and its two-hundred day moving average price is GBX 422.46. The company has a market cap of £1.29 billion and a price-to-earnings ratio of -24.98. The company has a quick ratio of 1.18, a current ratio of 1.75 and a debt-to-equity ratio of 33.57.

Lancashire Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, September 2nd. Investors of record on Thursday, August 4th were issued a dividend of $0.05 per share. This represents a yield of 0.96%. The ex-dividend date of this dividend was Thursday, August 4th. Lancashire’s payout ratio is -0.75%.

Lancashire Company Profile

(Get Rating)

Lancashire Holdings Limited, together with its subsidiaries, provides specialty insurance and reinsurance products in London, Bermuda, and Australia. The company operates through five segments: Property and Casualty Reinsurance, Property and Casualty Insurance, Aviation, Energy, and Marine. It offers property direct and facultative, property political risk and sovereign risk, and property terrorism and political violence insurance products, as well as property reinsurance services; and aviation AV52, aviation consortium, airline hull and liability, and satellite insurance products.

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