Beazley (LON:BEZ) Given New GBX 825 Price Target at Royal Bank of Canada

Beazley (LON:BEZ – Get Rating) had its price objective decreased by Royal Bank of Canada from GBX 875 ($10.52) to GBX 825 ($9.92) in a research note released on Tuesday morning, MarketBeat reports. Royal Bank of Canada currently has an overweight rating on the stock.

A number of other equities analysts also recently issued reports on the stock. Numis Securities reiterated a buy rating and issued a GBX 920 ($11.06) price target on shares of Beazley in a report on Monday, February 20th. JPMorgan Chase & Co. reiterated an overweight rating on shares of Beazley in a research report on Thursday, January 26th. Jefferies Financial Group restated a buy rating and issued a GBX 825 ($9.92) price target on shares of Beazley in a report on Wednesday, February 8th. Berenberg Bank reaffirmed a buy rating and set a GBX 875 ($10.52) price objective on shares of Beazley in a report on Wednesday, February 15th. Finally, Barclays restated an overweight rating and issued a GBX 787 ($9.46) price target on shares of Beazley in a research report on Monday, November 14th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of Moderate Buy and a consensus target price of GBX 784.75 ($9.44).

Beazley Trading Down 1.4 %

Shares of BEZ stock opened at GBX 614.50 ($7.39) on Tuesday. Beazley has a 1-year low of GBX 377.80 ($4.54) and a 1-year high of GBX 695 ($8.36). The company has a debt-to-equity ratio of 31.83, a current ratio of 8.39 and a quick ratio of 6.45. The business’s fifty day moving average price is GBX 663.39 and its 200 day moving average price is GBX 633.73. The firm has a market capitalization of £4.12 billion, a PE ratio of 2,492.00, a P/E/G ratio of 1.57 and a beta of 0.75.

Beazley Increases Dividend

The business also recently announced a dividend, which will be paid on Friday, April 28th. Stockholders of record on Thursday, March 9th will be paid a GBX 13.50 ($0.16) dividend. The ex-dividend date is Thursday, March 9th. This represents a dividend yield of 2.03%. This is a positive change from Beazley’s previous dividend of $12.90. Beazley’s dividend payout ratio (DPR) is 5,200.00%.

Insider Buying and Selling

In other news, insider Clive Bannister bought 78,000 shares of the firm’s stock in a transaction dated Thursday, March 2nd. The stock was acquired at an average cost of GBX 636 ($7.65) per share, for a total transaction of £496,080 ($596,536.80). 1.78% of the stock is currently owned by corporate insiders.

Beazley Company Profile

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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.