Beazley (LON:BEZ - Get Free Report) had its target price boosted by stock analysts at JPMorgan Chase & Co. from GBX 770 ($9.67) to GBX 870 ($10.93) in a note issued to investors on Tuesday, MarketBeat Ratings reports. The brokerage presently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s target price indicates a potential upside of 31.22% from the company's previous close.
Several other analysts have also recently weighed in on BEZ. Berenberg Bank reaffirmed a "buy" rating and issued a GBX 880 ($11.05) price target on shares of Beazley in a report on Thursday, March 7th. Royal Bank of Canada raised their price objective on Beazley from GBX 975 ($12.25) to GBX 1,000 ($12.56) and gave the company an "outperform" rating in a report on Tuesday. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Beazley has a consensus rating of "Buy" and an average target price of GBX 874 ($10.98).
View Our Latest Stock Analysis on BEZ
Beazley Price Performance
Shares of LON:BEZ traded up GBX 5.50 ($0.07) on Tuesday, hitting GBX 663 ($8.33). The company's stock had a trading volume of 1,560,434 shares, compared to its average volume of 2,208,007. The company has a 50-day simple moving average of GBX 658.58 and a 200 day simple moving average of GBX 581.85. Beazley has a 1 year low of GBX 485.80 ($6.10) and a 1 year high of GBX 699.50 ($8.79). The company has a market capitalization of £4.31 billion, a PE ratio of 552.50, a PEG ratio of 1.57 and a beta of 0.68. The company has a debt-to-equity ratio of 16.26, a current ratio of 20.77 and a quick ratio of 6.45.
Insider Buying and Selling
In other Beazley news, insider Sally Lake sold 7,500 shares of the company's stock in a transaction dated Wednesday, April 3rd. The stock was sold at an average price of GBX 671 ($8.43), for a total value of £50,325 ($63,214.42). In related news, insider Adrian Cox sold 26,323 shares of the stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of GBX 646 ($8.11), for a total transaction of £170,046.58 ($213,599.52). Also, insider Sally Lake sold 7,500 shares of the stock in a transaction dated Wednesday, April 3rd. The stock was sold at an average price of GBX 671 ($8.43), for a total value of £50,325 ($63,214.42). 2.20% of the stock is currently owned by corporate insiders.
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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