Beazley plc (LON:BEZ - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 870.20 ($11.78) and traded as high as GBX 941 ($12.74). Beazley shares last traded at GBX 934.50 ($12.65), with a volume of 3,669,205 shares traded.
Wall Street Analysts Forecast Growth
Separately, Berenberg Bank began coverage on shares of Beazley in a report on Thursday, May 29th. They issued a "buy" rating and a GBX 1,150 ($15.57) price target on the stock.
Check Out Our Latest Stock Report on BEZ
Beazley Price Performance
The stock's 50-day moving average price is GBX 916.50 and its 200 day moving average price is GBX 871.73. The firm has a market capitalization of £7.09 billion, a PE ratio of 5.78, a price-to-earnings-growth ratio of 1.57 and a beta of 0.68.
Beazley declared that its board has approved a stock repurchase program on Tuesday, March 4th that permits the company to buyback $0.00 in outstanding shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company's leadership believes its stock is undervalued.
Beazley Company Profile
(
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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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