Berenberg Bank Reiterates Buy Rating for Beazley (LON:BEZ)

Key Points

• Berenberg Bank has reiterated a "buy" rating for Beazley (LON: BEZ) with a price target of GBX 1,150, indicating a potential upside of 47.25% from its current stock price.
• Royal Bank of Canada has decreased its price target on Beazley from GBX 1,125 to GBX 1,000 while maintaining an "outperform" rating.
• Insider trading activity saw significant purchases, with insider John Reizenstein buying 5,089 shares and Carolyn Johnson acquiring 22,800 shares, reflecting confidence in the company's future performance.

Beazley (LON:BEZ - Get Free Report)'s stock had its "buy" rating reiterated by stock analysts at Berenberg Bank in a research note issued to investors on Thursday, Marketbeat.com reports. They presently have a GBX 1,150 price target on the stock. Berenberg Bank's target price would suggest a potential upside of 44.49% from the stock's current price.

Separately, Royal Bank Of Canada decreased their price objective on shares of Beazley from GBX 1,125 to GBX 1,000 and set an "outperform" rating for the company in a research note on Thursday, August 14th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has an average rating of "Buy" and an average price target of GBX 1,075.

Beazley Stock Performance

LON BEZ traded up GBX 1.38 during trading hours on Thursday, hitting GBX 795.88. The company had a trading volume of 1,995,153 shares, compared to its average volume of 5,702,178. Beazley has a 1-year low of GBX 727.70 and a 1-year high of GBX 983.50. The company has a market cap of £4.80 billion, a PE ratio of 527.08, a price-to-earnings-growth ratio of 1.57 and a beta of 0.68. The business has a 50 day moving average of GBX 859.37 and a 200-day moving average of GBX 887.75.

Insider Activity

In other Beazley news, insider John Reizenstein bought 5,089 shares of Beazley stock in a transaction dated Thursday, August 14th. The stock was acquired at an average cost of GBX 786 per share, with a total value of £39,999.54. Also, insider Robert A. Stuchbery purchased 6,400 shares of the business's stock in a transaction that occurred on Friday, August 15th. The shares were purchased at an average cost of GBX 785 per share, with a total value of £50,240. Over the last three months, insiders acquired 35,561 shares of company stock valued at $27,716,546. Insiders own 1.68% of the company's stock.

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.