Beazley (LON:BEZ) Stock Price Down 11.4% - Should You Sell?

Key Points

• Beazley plc's stock price dropped by 11.4% during trading, falling to GBX 808 ($10.91) after previously closing at GBX 912 ($12.31).
• Despite the decline, Berenberg Bank maintained a "buy" rating and set a price target of GBX 1,150 ($15.53) for Beazley's shares.
• The company has a market capitalization of £6.21 billion and features a price-to-earnings ratio of 5.06, indicating its valuation metrics in the market.

Shares of Beazley plc (LON:BEZ - Get Free Report) dropped 11.4% during trading on Wednesday . The stock traded as low as GBX 801 ($10.81) and last traded at GBX 808 ($10.91). Approximately 16,068,938 shares changed hands during trading, an increase of 279% from the average daily volume of 4,236,436 shares. The stock had previously closed at GBX 912 ($12.31).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reiterated a "buy" rating and set a GBX 1,150 ($15.53) price objective on shares of Beazley in a research note on Monday, July 14th.

Beazley Stock Down 11.5%

The stock has a market cap of £6.21 billion, a price-to-earnings ratio of 5.06, a price-to-earnings-growth ratio of 1.57 and a beta of 0.68. The firm's 50 day moving average is GBX 917.09 and its two-hundred day moving average is GBX 893.87.

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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