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

Beazley plc (LON:BEZGet Rating) has been assigned an average recommendation of “Buy” from the nine brokerages that are currently covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1-year price target among brokerages that have covered the stock in the last year is GBX 521.57 ($6.54).

Several analysts recently commented on BEZ shares. Berenberg Bank restated a “buy” rating and issued a GBX 630 ($7.89) target price on shares of Beazley in a research report on Monday, May 30th. Shore Capital restated a “buy” rating on shares of Beazley in a research report on Thursday, February 10th. Royal Bank of Canada restated an “outperform” rating and issued a GBX 575 ($7.21) target price on shares of Beazley in a research report on Friday, May 27th. Barclays reaffirmed an “overweight” rating and set a GBX 541 ($6.78) price target on shares of Beazley in a research note on Friday, May 6th. Finally, Morgan Stanley reaffirmed an “equal weight” rating on shares of Beazley in a research note on Wednesday, May 11th.

BEZ opened at GBX 483.40 ($6.06) on Friday. Beazley has a 12 month low of GBX 301 ($3.77) and a 12 month high of GBX 516.20 ($6.47). The company has a debt-to-equity ratio of 29.99, a current ratio of 1.20 and a quick ratio of 0.96. The stock has a market cap of £2.95 billion and a P/E ratio of 12.00. The stock’s 50 day moving average price is GBX 442.17 and its 200 day moving average price is GBX 445.66.

In other Beazley news, insider Raj Agrawal bought 429 shares of Beazley stock in a transaction dated Tuesday, May 10th. The stock was bought at an average price of GBX 440 ($5.51) per share, for a total transaction of £1,887.60 ($2,365.41). Also, insider Sally Lake sold 4,841 shares of the stock in a transaction on Wednesday, March 23rd. The shares were sold at an average price of GBX 414 ($5.19), for a total value of £20,041.74 ($25,114.96).

Beazley Company Profile (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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Analyst Recommendations for Beazley (LON:BEZ)

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