Beazley (BEZ) Price Target Cut to GBX 610
Beazley (LON:BEZ) had its target price reduced by Canaccord Genuity from GBX 685 ($8.95) to GBX 610 ($7.97) in a report issued on Friday morning. Canaccord Genuity currently has a buy rating on the stock.
BEZ has been the topic of several other reports. Peel Hunt reissued a reduce rating on shares of Beazley in a research note on Thursday. Royal Bank of Canada reissued a top pick rating on shares of Beazley in a research note on Monday, October 15th. UBS Group reissued a neutral rating on shares of Beazley in a research note on Monday, July 23rd. Shore Capital reissued an under review rating on shares of Beazley in a research note on Thursday. Finally, Berenberg Bank raised shares of Beazley to a buy rating in a research note on Thursday, July 26th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. Beazley presently has a consensus rating of Buy and an average price target of GBX 575 ($7.51).
Shares of BEZ stock remained flat at $GBX 532 ($6.95) during trading hours on Friday. 1,566,143 shares of the company’s stock traded hands, compared to its average volume of 2,070,000. Beazley has a 52-week low of GBX 422.15 ($5.52) and a 52-week high of GBX 579 ($7.57).
Beazley Company Profile
Beazley plc provides risk insurance and reinsurance solutions worldwide. The company's Marine segment underwrites various marine classes, including hull, energy, cargo and specie, piracy, satellite, aviation, kidnap and ransom, and war risks. Its Political, Accident & Contingency segment underwrites terrorism, political violence, expropriation, and credit risks, as well as contingency and risks associated with contract frustration.
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