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Beazley (LON:BEZ) Shares Cross Above 200-Day Moving Average - Here's Why

Beazley logo with Financial Services background

Key Points

  • Beazley plc shares surpassed their 200-day moving average of GBX 892.05 during trading, reaching a high of GBX 931, indicating positive market sentiment.
  • Berenberg Bank has reiterated a "buy" rating for Beazley with a target price of GBX 1,150, suggesting expectations for continued stock appreciation.
  • The company has a market capitalization of £6.99 billion and currently trades at a price-to-earnings ratio of 5.69.
  • Five stocks to consider instead of Beazley.

Beazley plc (LON:BEZ - Get Free Report)'s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 892.05 ($11.98) and traded as high as GBX 931 ($12.51). Beazley shares last traded at GBX 922.43 ($12.39), with a volume of 2,402,313 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reissued a "buy" rating and issued a GBX 1,150 ($15.45) price objective on shares of Beazley in a research report on Monday, July 14th.

View Our Latest Analysis on BEZ

Beazley Stock Performance

The stock's 50-day simple moving average is GBX 917.79 and its 200 day simple moving average is GBX 893.74. The company has a market capitalization of £7.01 billion, a PE ratio of 5.71, a P/E/G ratio of 1.57 and a beta of 0.68.

Beazley Company Profile

(Get Free Report)

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.

See Also

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