Barclays Increases Beazley (OTCMKTS:BZLYF) Price Target to GBX 541

Beazley (OTCMKTS:BZLYFGet Rating) had its price objective lifted by equities researchers at Barclays from GBX 531 ($6.91) to GBX 541 ($7.04) in a report issued on Wednesday, The Fly reports.

Other equities research analysts also recently issued reports about the company. Credit Suisse Group increased their price target on Beazley from GBX 465 ($6.05) to GBX 480 ($6.25) in a report on Wednesday, February 16th. Royal Bank of Canada reissued a “buy” rating and set a $600.00 target price on shares of Beazley in a research note on Friday, April 1st. Berenberg Bank reaffirmed a “buy” rating and issued a $610.00 price target on shares of Beazley in a research note on Friday, February 18th. Morgan Stanley reduced their price target on shares of Beazley from €585.00 ($629.03) to €500.00 ($537.63) in a report on Wednesday, April 6th. Finally, HSBC lowered shares of Beazley from a “buy” rating to a “hold” rating and set a $480.00 price objective on the stock. in a report on Wednesday, March 23rd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $523.29.

Shares of BZLYF traded down $0.20 during trading hours on Wednesday, reaching $5.20. The stock had a trading volume of 500 shares, compared to its average volume of 1,510. Beazley has a 52 week low of $4.10 and a 52 week high of $6.92. The firm has a 50-day moving average of $5.70 and a 200 day moving average of $5.70.

About Beazley (Get Rating)

Beazley plc provides risk insurance and reinsurance solutions in the United States, Europe, and internationally. Its Cyber & Executive Risk segment underwrites management liabilities, such as employment practices risks and directors and officers, cyber and technology, and media and business services.

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