Beazley (LON:BEZ) Shares Down 12.3% - Time to Sell?

Key Points

• Beazley plc's shares experienced a significant drop of 12.3%, trading at GBX 800 ($10.86), which is a notable decrease from its previous closing price of GBX 912 ($12.38).
• Despite the decline, Berenberg Bank has maintained a "buy" rating for Beazley, setting a target price of GBX 1,150 ($15.62) in a recent research report.
• The company's market capitalization is approximately £6.15 billion, with a price-to-earnings ratio of 5.01, indicating strong valuation metrics compared to industry peers.

Beazley plc (LON:BEZ - Get Free Report) was down 12.3% during mid-day trading on Wednesday . The stock traded as low as GBX 800 ($10.86) and last traded at GBX 800 ($10.86). Approximately 7,905,354 shares traded hands during mid-day trading, an increase of 89% from the average daily volume of 4,184,105 shares. The stock had previously closed at GBX 912 ($12.38).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reiterated a "buy" rating and set a GBX 1,150 ($15.62) target price on shares of Beazley in a research report on Monday, July 14th.

Beazley Stock Down 12.3%

The company's fifty day moving average is GBX 913.92 and its 200 day moving average is GBX 893.22. The firm has a market cap of £6.15 billion, a price-to-earnings ratio of 5.01, a PEG ratio of 1.57 and a beta of 0.68.

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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