Beazley (LON:BEZ) Trading Down 12.3% - Time to Sell?

Key Points

• Beazley plc's shares experienced a significant decline of 12.3%, dropping to GBX 800 ($10.80) during mid-day trading, with volume up 89% from the average.
• Berenberg Bank has maintained a "buy" rating for Beazley, setting a price target of GBX 1,150 ($15.53) for the stock.
• The company operates in various segments, including Cyber Risks and Property Risks, and has a current market cap of £6.15 billion.

Shares of Beazley plc (LON:BEZ - Get Free Report) traded down 12.3% during mid-day trading on Wednesday . The company traded as low as GBX 800 ($10.80) and last traded at GBX 800 ($10.80). 7,905,354 shares were traded during mid-day trading, an increase of 89% from the average session volume of 4,184,105 shares. The stock had previously closed at GBX 912 ($12.31).

Analyst Upgrades and Downgrades

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

Beazley Price Performance

The company has a market cap 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. The stock has a 50-day moving average price of GBX 917.09 and a 200 day moving average price of GBX 893.87.

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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