Beazley (LON:BEZ) Stock Price Down 12.3% - Here's What Happened

Key Points

• Beazley plc's stock price fell by 12.3% during trading on Wednesday, reaching a low of GBX 800 ($10.80), with trading volume increasing by 89% from average levels.
• Berenberg Bank has reissued a "buy" rating for Beazley shares, setting a price target of GBX 1,150 ($15.53), indicating potential upside.
• The company's market capitalization stands at £6.15 billion, with a price-to-earnings ratio of 5.01 as of the latest trading session.

Beazley plc (LON:BEZ - Get Free Report)'s share price dropped 12.3% during trading on Wednesday . The stock traded as low as GBX 800 ($10.80) and last traded at GBX 800 ($10.80). Approximately 7,905,354 shares changed hands during trading, an increase of 89% from the average daily volume of 4,184,105 shares. The stock had previously closed at GBX 912 ($12.31).

Analysts Set New Price Targets

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

Beazley Trading Down 12.3%

The firm has a 50-day moving average of GBX 917.09 and a 200 day moving average of GBX 893.87. The stock has a market capitalization of £6.15 billion, a price-to-earnings ratio of 5.01, a price-to-earnings-growth 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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