Beazley (LON:BEZ) Earns Buy Rating from Berenberg Bank

Key Points

• Berenberg Bank has reaffirmed a "buy" rating for Beazley (LON:BEZ) with a price target of GBX 1,150 ($15.62), indicating a potential upside of 47.63% from the current stock price.
• Royal Bank of Canada decreased its price target for Beazley from GBX 1,125 ($15.28) to GBX 1,000 ($13.58) while maintaining an "outperform" rating.
• Beazley shares fell by GBX 21.04 ($0.29) to GBX 778.96 ($10.58) during trading, with the company having a market cap of £5.99 billion and a P/E ratio of 4.88.

Beazley (LON:BEZ - Get Free Report)'s stock had its "buy" rating reaffirmed by investment analysts at Berenberg Bank in a research report issued on Wednesday,Digital Look reports. They currently have a GBX 1,150 ($15.62) price target on the stock. Berenberg Bank's price target points to a potential upside of 47.63% from the stock's current price.

Separately, Royal Bank Of Canada dropped their price target on shares of Beazley from GBX 1,125 ($15.28) to GBX 1,000 ($13.58) and set an "outperform" rating on the stock in a research report on Thursday.

Beazley Stock Performance

Shares of BEZ stock traded down GBX 21.04 ($0.29) during midday trading on Wednesday, reaching GBX 778.96 ($10.58). 5,764,542 shares of the company were exchanged, compared to its average volume of 4,194,171. Beazley has a 12 month low of GBX 727.50 ($9.88) and a 12 month high of GBX 983.50 ($13.36). The company has a market cap of £5.99 billion, a P/E ratio of 4.88, a PEG ratio of 1.57 and a beta of 0.68. The company's 50 day moving average price is GBX 913.92 and its two-hundred day moving average price is GBX 893.22.

Insider Activity at Beazley

In other Beazley news, insider John Reizenstein bought 5,089 shares of the company's stock in a transaction that occurred on Thursday, August 14th. The shares were acquired at an average cost of GBX 786 ($10.67) per share, for a total transaction of £39,999.54 ($54,317.68). 2.31% of the stock is owned by 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.

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