UBS Group Reaffirms “Neutral” Rating for Beazley (BEZ)
UBS Group reissued their neutral rating on shares of Beazley (LON:BEZ) in a research note issued to investors on Thursday, www.digitallook.com reports. The brokerage currently has a GBX 580 ($7.58) price target on the stock.
A number of other brokerages have also recently issued reports on BEZ. Canaccord Genuity reaffirmed a buy rating and issued a GBX 685 ($8.95) target price on shares of Beazley in a report on Thursday, September 6th. Peel Hunt reaffirmed a reduce rating on shares of Beazley in a report on Monday, September 24th. Shore Capital reaffirmed an under review rating on shares of Beazley in a report on Thursday, November 8th. Finally, Credit Suisse Group reaffirmed an outperform rating on shares of Beazley in a report on Thursday, November 15th. One analyst has rated the stock with a sell rating, two have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. Beazley currently has an average rating of Buy and a consensus target price of GBX 576.25 ($7.53).
Shares of BEZ stock traded up GBX 1 ($0.01) on Thursday, reaching GBX 518.50 ($6.78). The stock had a trading volume of 1,144,352 shares, compared to its average volume of 2,070,000. Beazley has a 12 month low of GBX 422.15 ($5.52) and a 12 month high of GBX 579 ($7.57).
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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