Beazley (LON:BEZ) Shares Up 40.7% – Here’s What Happened

Shares of Beazley plc (LON:BEZ) traded up 40.7% on Monday . The stock traded as high as GBX 1,195 and last traded at GBX 1,154. 105,366,867 shares changed hands during trading, an increase of 605% from the average session volume of 14,943,431 shares. The stock had previously closed at GBX 820.

Analyst Upgrades and Downgrades

Several brokerages recently commented on BEZ. Royal Bank Of Canada increased 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 report on Tuesday, October 14th. Jefferies Financial Group boosted their price objective on shares of Beazley from GBX 1,000 to GBX 1,040 and gave the company a “buy” rating in a report on Wednesday, November 12th. 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 report on Wednesday, November 26th. Peel Hunt reaffirmed an “add” rating and set a GBX 900 price target on shares of Beazley in a research report on Tuesday, November 25th. Finally, JPMorgan Chase & Co. dropped their price target on Beazley from GBX 1,050 to GBX 1,025 and set an “overweight” rating on the stock in a research note on Wednesday, November 26th. Five investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of GBX 1,033.

Beazley Price Performance

The stock has a market cap of £6.81 billion, a PE ratio of 7.65, a PEG ratio of 1.57 and a beta of 0.68. The company’s fifty day moving average is GBX 829.24 and its 200-day moving average is GBX 855.62.

Beazley Company Profile

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.