Beazley (LON:BEZ) Shares Up 40.5% – Should You Buy?

Beazley plc (LON:BEZ)’s stock price was up 40.5% during mid-day trading on Monday . The company traded as high as GBX 1,195 and last traded at GBX 1,152.45. Approximately 15,440,655 shares changed hands during trading, an increase of 107% from the average daily volume of 7,449,580 shares. The stock had previously closed at GBX 820.

Analyst Upgrades and Downgrades

BEZ has been the subject of several research analyst reports. Royal Bank Of Canada increased their price objective on Beazley from GBX 1,000 to GBX 1,100 and gave the stock an “outperform” rating in a report on Tuesday, October 14th. JPMorgan Chase & Co. dropped their price target on Beazley from GBX 1,050 to GBX 1,025 and set an “overweight” rating for the company in a research note on Wednesday, November 26th. Peel Hunt reiterated an “add” rating and issued a GBX 900 price target on shares of Beazley in a report on Tuesday, November 25th. Berenberg Bank decreased their price objective on shares of Beazley from GBX 1,150 to GBX 1,100 and set a “buy” rating for the company in a report on Wednesday, November 26th. Finally, Jefferies Financial Group lifted their target price on shares of Beazley from GBX 1,000 to GBX 1,040 and gave the company a “buy” rating in a research note on Wednesday, November 12th. Five research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Beazley presently has an average rating of “Buy” and a consensus target price of GBX 1,033.

Beazley Price Performance

The company has a 50 day moving average of GBX 839.13 and a two-hundred day moving average of GBX 859.03. The company has a market capitalization of £6.79 billion, a PE ratio of 7.63, a PEG ratio of 1.57 and a beta of 0.68.

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. The Digital segment underwrites various marine, contingency, and SME liability risks through digital channels, such as e-trading platforms and broker portals. The MAP Risks segment underwrites marine, portfolio underwriting and political, and contingency business.