Lancashire (OTCMKTS:LCSHF) Trading Up 10.4% – What’s Next?

Lancashire Holdings Limited (OTCMKTS:LCSHF)’s share price was up 10.4% during mid-day trading on Thursday . The company traded as high as $8.4250 and last traded at $8.4250. Approximately 500 shares were traded during trading, a decline of 82% from the average daily volume of 2,719 shares. The stock had previously closed at $7.63.

Analysts Set New Price Targets

Separately, Royal Bank Of Canada lowered shares of Lancashire from an “outperform” rating to an “underperform” rating in a research note on Monday, October 13th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold”.

Lancashire Price Performance

The stock has a 50 day simple moving average of $8.31 and a 200 day simple moving average of $8.22.

Lancashire Company Profile

Lancashire Holdings Limited, trading on the OTC Markets under the symbol LCSHF, is a Bermuda?based specialty insurer and reinsurer offering tailored risk solutions across property, energy, marine and aviation lines. Operating through both insurance and reinsurance platforms, Lancashire provides coverage for complex and large-scale risks, including natural catastrophe exposures, oil and gas liabilities, cargo and hull exposures, as well as structured risk products. The company’s underwriting model emphasizes discipline, diversification and detailed risk assessment to deliver customized programs for brokers, corporate clients and other insurers.

Since its establishment in 2005, Lancashire has built a global footprint with its main underwriting operations based in Hamilton, Bermuda, and key offices in London and Singapore.