Shares of Beazley plc (LON:BEZ - Get Free Report) traded down 12.3% during mid-day trading on Thursday after Royal Bank Of Canada lowered their price target on the stock from GBX 1,125 to GBX 1,000. Royal Bank Of Canada currently has an outperform rating on the stock. Beazley traded as low as GBX 800 ($10.85) and last traded at GBX 800 ($10.85). 7,905,354 shares were traded during trading, an increase of 89% from the average session volume of 4,184,105 shares. The stock had previously closed at GBX 912 ($12.37).
Separately, Berenberg Bank reissued a "buy" rating and issued a GBX 1,150 ($15.60) target price on shares of Beazley in a research note on Monday, July 14th.
Get Our Latest Research Report on Beazley
Insider Buying and Selling
In other Beazley news, insider John Reizenstein purchased 5,089 shares of the stock in a transaction on Thursday, August 14th. The stock was acquired at an average price of GBX 786 ($10.66) per share, with a total value of £39,999.54 ($54,244.02). Also, insider Carolyn Johnson purchased 22,800 shares of the stock in a transaction on Thursday, August 14th. The shares were acquired at an average cost of GBX 776 ($10.52) per share, with a total value of £176,928 ($239,934.91). Insiders have acquired a total of 29,161 shares of company stock valued at $22,692,546 in the last ninety days. 2.31% of the stock is currently owned by corporate insiders.
Beazley Trading Up 0.1%
The business has a fifty day simple moving average of GBX 906.55 and a two-hundred day simple moving average of GBX 893.42. The stock has a market cap of £6.03 billion, a PE ratio of 4.91, a P/E/G ratio of 1.57 and a beta of 0.68.
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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