Beazley (LON:BEZ) Stock Price Down 12.3% - What's Next?

Key Points

• Beazley plc shares experienced a significant drop of 12.3%, trading at GBX 800 ($10.80) after closing at GBX 912 ($12.31).
• Trading volume increased to approximately 7.9 million shares, an 89% jump from the average daily volume.
• Berenberg Bank has maintained a "buy" rating on Beazley, with a price target set at GBX 1,150 ($15.53).

Beazley plc (LON:BEZ - Get Free Report) shares dropped 12.3% during mid-day 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 were traded 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).

Analyst Upgrades and Downgrades

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

Beazley Stock Performance

The business's 50 day moving average is GBX 917.09 and its 200-day moving average is GBX 893.87. The stock 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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