Beazley (LON:BEZ) Shares Down 9.6% – Time to Sell?

Beazley plc (LON:BEZ)’s stock price dropped 9.6% during mid-day trading on Tuesday . The company traded as low as GBX 750 and last traded at GBX 777.37. Approximately 45,342,176 shares were traded during trading, an increase of 674% from the average daily volume of 5,857,095 shares. The stock had previously closed at GBX 860.

Analyst Upgrades and Downgrades

BEZ has been the topic of a number of recent research reports. Berenberg Bank cut their target price on Beazley from GBX 1,150 to GBX 1,100 and set a “buy” rating on the stock in a research note on Wednesday. Jefferies Financial Group upped their price target on shares of Beazley from GBX 1,000 to GBX 1,040 and gave the stock a “buy” rating in a research note on Wednesday, November 12th. Royal Bank Of Canada raised their price objective on shares of Beazley from GBX 1,000 to GBX 1,100 and gave the company an “outperform” rating in a research note on Tuesday, October 14th. Peel Hunt reaffirmed an “add” rating and issued a GBX 900 target price on shares of Beazley in a report on Tuesday. Finally, JPMorgan Chase & Co. cut their price target on shares of Beazley from GBX 1,050 to GBX 1,025 and set an “overweight” rating on the stock in a report on Wednesday. Five equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Beazley has a consensus rating of “Buy” and a consensus target price of GBX 1,033.

Beazley Stock Performance

The firm has a market cap of £4.75 billion, a PE ratio of 5.31, a price-to-earnings-growth ratio of 1.57 and a beta of 0.68. The stock has a 50-day simple moving average of GBX 891.03 and a two-hundred day simple moving average of GBX 885.79.

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.