Beazley (LON:BEZ) Hits New 12-Month High at $762.50

Beazley plc (LON:BEZ) hit a new 52-week high during trading on Tuesday . The company traded as high as GBX 762.50 ($10.06) and last traded at GBX 750 ($9.89), with a volume of 1245203 shares trading hands. The stock had previously closed at GBX 759.72 ($10.02).

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Berenberg Bank increased their price target on shares of Beazley from GBX 880 ($11.60) to GBX 950 ($12.53) and gave the company a “buy” rating in a research report on Thursday, August 8th. Jefferies Financial Group restated a “buy” rating and issued a GBX 975 ($12.86) target price on shares of Beazley in a report on Wednesday, May 29th. Finally, Barclays raised their target price on shares of Beazley from GBX 910 ($12.00) to GBX 920 ($12.13) and gave the stock an “overweight” rating in a report on Friday, May 3rd. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of GBX 943 ($12.44).

Beazley Price Performance

The business has a 50 day moving average of GBX 692.52 and a 200 day moving average of GBX 669.62. The company has a market cap of £4.74 billion, a PE ratio of 505.07, a price-to-earnings-growth ratio of 1.57 and a beta of 0.68. The company has a debt-to-equity ratio of 14.99, a current ratio of 149.90 and a quick ratio of 6.45.

Beazley Company Profile

Beazley plc provides risk insurance and reinsurance solutions in the United States, the United Kingdom, rest of Europe, and internationally. It operates through Cyber Risks, Digital, MAP Risks, Property Risks, and Specialty Risks segments. The Cyber Risk segment underwrites cyber and technology risks.