Beazley (LON:BEZ) Share Price Crosses Above 200 Day Moving Average of $448.58

Beazley plc (LON:BEZGet Rating) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 448.58 ($5.44) and traded as high as GBX 495.80 ($6.02). Beazley shares last traded at GBX 493.20 ($5.99), with a volume of 1,742,166 shares traded.

A number of research analysts have recently issued reports on BEZ shares. Barclays reissued an “overweight” rating and issued a GBX 541 ($6.57) target price on shares of Beazley in a report on Friday, May 6th. JPMorgan Chase & Co. reiterated an “overweight” rating and set a GBX 670 ($8.13) target price on shares of Beazley in a research report on Tuesday, May 17th. Morgan Stanley reiterated an “equal weight” rating on shares of Beazley in a research report on Wednesday, May 11th. Royal Bank of Canada restated an “outperform” rating and issued a GBX 575 ($6.98) price objective on shares of Beazley in a research report on Friday, May 27th. Finally, Berenberg Bank reiterated a “buy” rating and issued a GBX 630 ($7.65) target price on shares of Beazley in a research note on Monday, May 30th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of GBX 518.88 ($6.30).

The firm has a market cap of £3.01 billion and a price-to-earnings ratio of 11.91. The company has a 50-day moving average price of GBX 449.39 and a 200 day moving average price of GBX 448.58. The company has a quick ratio of 0.96, a current ratio of 1.20 and a debt-to-equity ratio of 29.99.

In related news, insider Sally Lake sold 4,841 shares of Beazley stock in a transaction dated Wednesday, March 23rd. The stock was sold at an average price of GBX 414 ($5.02), for a total transaction of £20,041.74 ($24,325.45). Also, insider Raj Agrawal bought 429 shares of the firm’s stock in a transaction that occurred on Tuesday, May 10th. The shares were purchased at an average cost of GBX 440 ($5.34) per share, for a total transaction of £1,887.60 ($2,291.05).

Beazley Company Profile (LON:BEZ)

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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