Brokerages Set Beazley PLC (BEZ) Price Target at $641.17
Beazley PLC (LON:BEZ) has been assigned an average rating of “Buy” from the eleven brokerages that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is GBX 641.17 ($8.38).
Several research analysts recently weighed in on the company. Numis Securities reiterated an “add” rating on shares of Beazley in a research report on Monday. Peel Hunt reiterated a “reduce” rating on shares of Beazley in a research report on Friday, May 24th. Morgan Stanley assumed coverage on Beazley in a research report on Friday, May 17th. They set an “overweight” rating and a GBX 651 ($8.51) price target for the company. Berenberg Bank reduced their price target on Beazley from GBX 622 ($8.13) to GBX 616 ($8.05) and set a “buy” rating for the company in a research report on Thursday, May 9th. Finally, Shore Capital reiterated a “buy” rating on shares of Beazley in a research report on Thursday, May 9th.
Shares of Beazley stock traded up GBX 6 ($0.08) on Thursday, reaching GBX 559.50 ($7.31). 751,321 shares of the stock were exchanged, compared to its average volume of 2,070,000. The company has a quick ratio of 1.03, a current ratio of 1.23 and a debt-to-equity ratio of 24.32. Beazley has a twelve month low of GBX 484.20 ($6.33) and a twelve month high of GBX 611 ($7.98). The company has a market capitalization of $2.91 billion and a price-to-earnings ratio of 43.71.
Beazley plc provides risk insurance and reinsurance solutions worldwide. The company's Marine segment underwrites various marine classes, including hull, energy, cargo and specie, piracy, satellite, aviation, kidnap and ransom, and war risks. Its Political, Accident & Contingency segment underwrites terrorism, political violence, expropriation, and credit risks, as well as contingency and risks associated with contract frustration.
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