Beazley (LON:BEZ) Given New GBX 1,100 Price Target at Royal Bank Of Canada

Key Points

• Royal Bank of Canada has raised its price target for Beazley from GBX 1,000 to GBX 1,100, indicating a potential upside of 17.84% based on the current stock price.
• Berenberg Bank has also set a price target of GBX 1,150 on Beazley shares, maintaining a "buy" rating alongside an average "buy" rating across multiple analysts.
• Insider buying activity has been noted, with key executives purchasing over 35,000 shares in recent months, suggesting confidence in the company's future performance.

Beazley (LON:BEZ - Get Free Report) had its target price increased by analysts at Royal Bank Of Canada from GBX 1,000 to GBX 1,100 in a research report issued to clients and investors on Tuesday,London Stock Exchange reports. The brokerage currently has an "outperform" rating on the stock. Royal Bank Of Canada's price target would suggest a potential upside of 17.84% from the stock's current price.

Separately, Berenberg Bank reissued a "buy" rating and set a GBX 1,150 price target on shares of Beazley in a research report on Monday, October 6th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Beazley has an average rating of "Buy" and an average price target of GBX 1,125.

Beazley Trading Down 0.4%

Shares of LON BEZ opened at GBX 933.50 on Tuesday. The firm has a market cap of £5.55 billion, a PE ratio of 618.21, a PEG ratio of 1.57 and a beta of 0.68. Beazley has a 1-year low of GBX 728 and a 1-year high of GBX 983.50. The company has a fifty day moving average price of GBX 842.07 and a 200 day moving average price of GBX 885.20.

Insiders Place Their Bets

In other news, insider Carolyn Johnson bought 22,800 shares of the company's stock in a transaction dated Thursday, August 14th. The shares were bought at an average cost of GBX 776 per share, with a total value of £176,928. Also, insider John Reizenstein bought 5,089 shares of the company's stock in a transaction dated Thursday, August 14th. The stock was purchased at an average cost of GBX 786 per share, for a total transaction of £39,999.54. Insiders have acquired 35,561 shares of company stock valued at $27,716,546 in the last three months. 1.68% 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.

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