Beazley (LON:BEZ) Stock Passes Above 200-Day Moving Average - What's Next?

Key Points

• Beazley plc's stock price has crossed above its two hundred day moving average, currently trading at GBX 888.68 ($11.94).
• Analysts have mixed views on Beazley's stock, with Berenberg Bank maintaining a "buy" rating and a price target of GBX 1,150, while Royal Bank of Canada reduced its target from GBX 1,125 to GBX 1,000.
• Insider transactions include purchases of 22,800 shares and 5,089 shares by company insiders, indicating confidence in the firm's future performance.

Beazley plc (LON:BEZ - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 883.49 ($11.87) and traded as high as GBX 891.50 ($11.97). Beazley shares last traded at GBX 888.68 ($11.94), with a volume of 2,846,943 shares.

Analyst Ratings Changes

Several research firms have commented on BEZ. Berenberg Bank reiterated a "buy" rating and set a GBX 1,150 price objective on shares of Beazley in a research note on Thursday, September 4th. Royal Bank Of Canada cut their price objective on Beazley from GBX 1,125 to GBX 1,000 and set an "outperform" rating for the company in a research note on Thursday, August 14th. Two analysts have rated the stock with a Buy rating, According to MarketBeat.com, Beazley has an average rating of "Buy" and a consensus price target of GBX 1,075.

Beazley Stock Up 1.1%

The business has a 50-day moving average price of GBX 838.80 and a 200-day moving average price of GBX 883.49. The firm has a market capitalization of £5.41 billion, a PE ratio of 594.37, a price-to-earnings-growth ratio of 1.57 and a beta of 0.68.

Insider Activity

In other Beazley news, insider Carolyn Johnson acquired 22,800 shares of the firm's stock in a transaction that occurred on Thursday, August 14th. The shares were purchased at an average cost of GBX 776 per share, for a total transaction of £176,928. Also, insider John Reizenstein acquired 5,089 shares of the firm's stock in a transaction that occurred on Thursday, August 14th. The stock was acquired at an average price of GBX 786 per share, for a total transaction of £39,999.54. Insiders purchased 35,561 shares of company stock worth $27,716,546 over the last ninety days. Corporate insiders own 1.68% of the company's stock.

About Beazley

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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