Beazley (LON:BEZ) Stock Price Up 0.6% – Here’s What Happened

Beazley plc (LON:BEZ) traded up 0.6% during mid-day trading on Monday . The company traded as high as GBX 825.50 and last traded at GBX 825. 54,471,066 shares were traded during trading, an increase of 409% from the average session volume of 10,702,114 shares. The stock had previously closed at GBX 820.

Wall Street Analysts Forecast Growth

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

Beazley Stock Up 0.6%

The firm has a market capitalization of £4.86 billion, a price-to-earnings ratio of 5.46, a P/E/G ratio of 1.57 and a beta of 0.68. The company has a fifty day moving average price of GBX 829.24 and a two-hundred day moving average price of 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.