Beazley (LON:BEZ) Stock Crosses Above Two Hundred Day Moving Average – Here’s Why

Beazley plc (LON:BEZ)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 706.52 ($9.16) and traded as high as GBX 792.25 ($10.27). Beazley shares last traded at GBX 773 ($10.02), with a volume of 720,314 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank upped their price target on shares of Beazley from GBX 880 ($11.41) to GBX 950 ($12.32) and gave the company a “buy” rating in a report on Thursday, August 8th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of GBX 943 ($12.23).

Beazley Price Performance

The company’s fifty day moving average is GBX 769.49 and its 200 day moving average is GBX 708.15. The firm has a market cap of £4.74 billion, a price-to-earnings ratio of 515.88, a PEG ratio of 1.57 and a beta of 0.68. The company has a quick ratio of 6.45, a current ratio of 21.78 and a debt-to-equity ratio of 14.99.

Insider Buying and Selling

In other Beazley news, insider Fiona Muldoon bought 10,000 shares of Beazley stock in a transaction that occurred on Friday, September 27th. The stock was acquired at an average price of GBX 779 ($10.10) per share, for a total transaction of £77,900 ($101,024.51). 2.31% of the stock is currently owned by corporate insiders.

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.