Beazley (LON:BEZ) had its price objective decreased by investment analysts at Berenberg Bank from GBX 629 ($8.22) to GBX 616 ($8.05) in a note issued to investors on Wednesday, Digital Look reports. The firm currently has a “buy” rating on the stock. Berenberg Bank’s price target would indicate a potential upside of 9.03% from the company’s previous close.
BEZ has been the topic of a number of other research reports. Peel Hunt restated a “reduce” rating on shares of Beazley in a research note on Friday, May 24th. Numis Securities upgraded shares of Beazley to an “add” rating in a research note on Thursday, May 9th. UBS Group upped their target price on shares of Beazley from GBX 550 ($7.19) to GBX 560 ($7.32) and gave the company a “neutral” rating in a research note on Monday, February 18th. Shore Capital restated a “buy” rating on shares of Beazley in a research note on Thursday, May 9th. Finally, Royal Bank of Canada upped their target price on shares of Beazley from GBX 650 ($8.49) to GBX 700 ($9.15) and gave the company a “top pick” rating in a research note on Thursday, March 21st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of GBX 612.13 ($8.00).
Shares of Beazley stock opened at GBX 565 ($7.38) on Wednesday. The stock has a market capitalization of $2.97 billion and a PE ratio of 44.14. The company has a current ratio of 1.23, a quick ratio of 1.03 and a debt-to-equity ratio of 24.32. Beazley has a 1 year low of GBX 484.20 ($6.33) and a 1 year high of GBX 604.50 ($7.90).
In other Beazley news, insider John Reizenstein acquired 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 17th. The shares were purchased at an average price of GBX 559 ($7.30) per share, for a total transaction of £55,900 ($73,043.25). Also, insider Adrian Cox sold 3,000 shares of the stock in a transaction dated Monday, March 25th. The stock was sold at an average price of GBX 506 ($6.61), for a total transaction of £15,180 ($19,835.36).
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.
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