Beazley (LON:BEZ) had its target price lowered by JPMorgan Chase & Co. from GBX 665 ($8.69) to GBX 630 ($8.23) in a research report report published on Monday morning, ThisIsMoney.Co.Uk reports. The brokerage currently has an overweight rating on the stock.

Other research analysts have also issued research reports about the company. Jefferies Financial Group increased their target price on Beazley from GBX 650 ($8.49) to GBX 655 ($8.56) and gave the stock a buy rating in a research report on Tuesday, June 18th. Royal Bank of Canada cut their price target on Beazley from GBX 700 ($9.15) to GBX 675 ($8.82) and set a top pick rating on the stock in a research note on Friday, July 19th. Numis Securities restated an add rating on shares of Beazley in a research note on Monday, June 3rd. Shore Capital restated a buy rating on shares of Beazley in a research note on Tuesday, July 23rd. Finally, Berenberg Bank cut their price target on Beazley from GBX 629 ($8.22) to GBX 616 ($8.05) and set a buy rating on the stock in a research note on Wednesday, June 12th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of Buy and an average price target of GBX 618.38 ($8.08).

Shares of LON:BEZ opened at GBX 596 ($7.79) on Monday. Beazley has a 52-week low of GBX 486.60 ($6.36) and a 52-week high of GBX 612.50 ($8.00). The firm has a market capitalization of $3.16 billion and a P/E ratio of 19.67. The stock has a 50 day moving average price of GBX 582.83 and a 200-day moving average price of GBX 558.43. The company has a debt-to-equity ratio of 25.45, a quick ratio of 11.23 and a current ratio of 13.44.

The business also recently declared a dividend, which was paid on Thursday, August 29th. Investors of record on Thursday, August 1st were paid a GBX 4.10 ($0.05) dividend. The ex-dividend date was Thursday, August 1st. This represents a dividend yield of 0.74%. Beazley’s payout ratio is currently 0.40%.

In related news, insider Adrian Cox purchased 6,742 shares of the business’s stock in a transaction that occurred on Tuesday, July 23rd. The shares were bought at an average price of GBX 267 ($3.49) per share, for a total transaction of £18,001.14 ($23,521.68).

About Beazley

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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Analyst Recommendations for Beazley (LON:BEZ)

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