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

Key Points

• Berenberg Bank has reiterated its "Buy" rating for Beazley (LON:BEZ) with a price target of GBX 1,150, indicating a potential upside of 24.22% from the stock's current price.
• Royal Bank Of Canada has decreased its target price on Beazley from GBX 1,125 to GBX 1,000, maintaining an "outperform" rating for the stock.
• Recent insider trading reveals significant purchases, with insiders acquiring a total of 35,561 shares valued at approximately £27.7 million over the last quarter.

Beazley (LON:BEZ - Get Free Report)'s stock had its "buy" rating reissued by equities researchers at Berenberg Bank in a research report issued to clients and investors on Monday,London Stock Exchange reports. They currently have a GBX 1,150 price target on the stock. Berenberg Bank's price objective points to a potential upside of 24.22% from the stock's current price.

Separately, Royal Bank Of Canada dropped their target price on Beazley from GBX 1,125 to GBX 1,000 and set an "outperform" rating on the stock in a report on Thursday, August 14th. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Beazley presently has a consensus rating of "Buy" and a consensus target price of GBX 1,075.

Beazley Stock Performance

Shares of BEZ stock traded up GBX 25.30 on Monday, reaching GBX 925.80. 2,338,260 shares of the company's stock traded hands, compared to its average volume of 5,417,889. The company has a market capitalization of £5.50 billion, a P/E ratio of 613.11, a price-to-earnings-growth ratio of 1.57 and a beta of 0.68. Beazley has a 12-month low of GBX 727.70 and a 12-month high of GBX 983.50. The business's 50 day moving average price is GBX 837.76 and its two-hundred day moving average price is GBX 883.86.

Insider Activity at Beazley

In other Beazley news, insider John Reizenstein bought 5,089 shares of Beazley stock in a transaction on Thursday, August 14th. The stock was purchased at an average cost of GBX 786 per share, for a total transaction of £39,999.54. Also, insider Robert A. Stuchbery purchased 6,400 shares of the company's stock in a transaction dated Friday, August 15th. The shares were acquired at an average price of GBX 785 per share, for a total transaction of £50,240. Over the last quarter, insiders have acquired 35,561 shares of company stock valued at $27,716,546. 1.68% of the stock is currently owned by corporate insiders.

About Beazley

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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