Beazley (LON:BEZ) Trading Up 39.7% – Still a Buy?

Beazley plc (LON:BEZ) shares shot up 39.7% on Monday . The stock traded as high as GBX 1,195 and last traded at GBX 1,145.72. 103,183,063 shares were traded during mid-day trading, an increase of 599% from the average session volume of 14,761,447 shares. The stock had previously closed at GBX 820.

Wall Street Analyst Weigh In

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

Beazley Price Performance

The firm has a market cap of £6.74 billion, a price-to-earnings ratio of 7.58, a P/E/G ratio of 1.57 and a beta of 0.68. The firm has a fifty day simple moving average of GBX 829.24 and a two-hundred day simple moving average 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.