Beazley plc (LON:BEZ - Get Free Report) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 864 ($11.72) and traded as high as GBX 939.50 ($12.75). Beazley shares last traded at GBX 920.50 ($12.49), with a volume of 1,802,097 shares.
Wall Street Analyst Weigh In
Separately, Berenberg Bank initiated coverage on shares of Beazley in a research report on Thursday, May 29th. They set a "buy" rating and a GBX 1,150 ($15.61) price objective for the company.
View Our Latest Report on Beazley
Beazley Price Performance
The company's 50-day moving average is GBX 910.48 and its two-hundred day moving average is GBX 867.41. The firm has a market cap of £7.12 billion, a P/E ratio of 5.80, a PEG ratio of 1.57 and a beta of 0.68.
Beazley declared that its board has approved a share repurchase program on Tuesday, March 4th that authorizes the company to repurchase $0.00 in shares. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company's management believes its shares are undervalued.
About Beazley
(
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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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