Peel Hunt reaffirmed their reduce rating on shares of Beazley (LON:BEZ) in a research note released on Monday morning, ThisIsMoney.Co.Uk reports.
Several other research analysts also recently weighed in on BEZ. Morgan Stanley assumed coverage on shares of Beazley in a research report on Friday, May 17th. They set an overweight rating and a GBX 651 ($8.51) price target for the company. Berenberg Bank reduced their price target on shares of Beazley from GBX 629 ($8.22) to GBX 616 ($8.05) and set a buy rating for the company in a research report on Wednesday, June 12th. UBS Group upgraded shares of Beazley to a buy rating and upped their price target for the stock from GBX 575 ($7.51) to GBX 635 ($8.30) in a research report on Monday. Numis Securities restated an add rating on shares of Beazley in a research report on Monday, June 3rd. Finally, Royal Bank of Canada reduced their price target on shares of Beazley from GBX 700 ($9.15) to GBX 675 ($8.82) and set a top pick rating for the company in a research report on Friday, July 19th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus price target of GBX 620.88 ($8.11).
BEZ opened at GBX 592 ($7.74) on Monday. Beazley has a twelve month low of GBX 486.60 ($6.36) and a twelve month high of GBX 604.50 ($7.90). The company has a quick ratio of 11.23, a current ratio of 13.44 and a debt-to-equity ratio of 25.45. The company has a 50-day moving average price of GBX 562.96 and a 200 day moving average price of GBX 548.36. The company has a market cap of $3.14 billion and a PE ratio of 19.54.
In other Beazley news, insider Adrian Cox acquired 6,742 shares of the business’s stock in a transaction on Tuesday, July 23rd. The stock was bought at an average price of GBX 267 ($3.49) per share, for a total transaction of £18,001.14 ($23,521.68).
Beazley Company Profile
Beazley plc provides risk insurance and reinsurance solutions worldwide. The company's Marine segment underwrites various marine classes, including hull, energy, cargo and specie, piracy, satellite, aviation, kidnap and ransom, and war risks. Its Political, Accident & Contingency segment underwrites terrorism, political violence, expropriation, and credit risks, as well as contingency and risks associated with contract frustration.
Receive News & Ratings for Beazley Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Beazley and related companies with MarketBeat.com's FREE daily email newsletter.