Beazley plc (LON:BEZ) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Beazley plc (LON:BEZ) have received a consensus recommendation of “Moderate Buy” from the six research firms that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is GBX 1,074.17.

BEZ has been the topic of several research reports. Berenberg Bank reduced their price objective on Beazley from GBX 1,150 to GBX 1,100 and set a “buy” rating on the stock in a report on Wednesday, November 26th. Peel Hunt restated an “add” rating and set a GBX 900 target price on shares of Beazley in a research report on Tuesday, November 25th. Citigroup lowered Beazley to a “neutral” rating and upped their price target for the company from GBX 1,025 to GBX 1,280 in a research note on Thursday, January 22nd. Finally, JPMorgan Chase & Co. lowered their price objective on Beazley from GBX 1,050 to GBX 1,025 and set an “overweight” rating for the company in a research report on Wednesday, November 26th.

Beazley Price Performance

BEZ opened at GBX 1,287.50 on Friday. The stock has a market capitalization of £7.58 billion, a P/E ratio of 8.53, a price-to-earnings-growth ratio of 1.57 and a beta of 0.29. The company’s 50 day simple moving average is GBX 1,131.15 and its 200-day simple moving average is GBX 948.33. Beazley has a one year low of GBX 750 and a one year high of GBX 1,293.

Insider Transactions at Beazley

In related news, insider Adrian Cox sold 77,032 shares of the business’s stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of GBX 1,289, for a total transaction of £992,942.48. Also, insider Paul Bantick sold 18,360 shares of the stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of GBX 1,289, for a total transaction of £236,660.40. Over the last 90 days, insiders have sold 104,166 shares of company stock worth $134,261,200. Corporate insiders own 1.74% of the company’s stock.

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.