Beazley (LON:BEZ – Get Free Report) had its target price lifted by investment analysts at Barclays from GBX 910 ($11.43) to GBX 920 ($11.56) in a research note issued on Friday, MarketBeat.com reports. The brokerage currently has an “overweight” rating on the stock. Barclays‘s target price points to a potential upside of 46.15% from the company’s previous close.
Several other research analysts have also issued reports on BEZ. Berenberg Bank reiterated a “buy” rating and issued a GBX 880 ($11.05) price target on shares of Beazley in a research note on Thursday, March 7th. Royal Bank of Canada raised their price objective on shares of Beazley from GBX 975 ($12.25) to GBX 1,000 ($12.56) and gave the company an “outperform” rating in a research note on Tuesday, April 30th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Beazley from GBX 770 ($9.67) to GBX 870 ($10.93) and gave the company an “overweight” rating in a research note on Tuesday, April 30th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of GBX 906 ($11.38).
Get Our Latest Stock Analysis on BEZ
Beazley Stock Down 1.6 %
Insiders Place Their Bets
In other news, insider Sally Lake sold 7,500 shares of the firm’s stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of GBX 671 ($8.43), for a total value of £50,325 ($63,214.42). In related news, insider Adrian Cox sold 26,323 shares of the business’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of GBX 646 ($8.11), for a total transaction of £170,046.58 ($213,599.52). Also, insider Sally Lake sold 7,500 shares of the stock in a transaction that occurred on Wednesday, April 3rd. The stock was sold at an average price of GBX 671 ($8.43), for a total transaction of £50,325 ($63,214.42). 2.20% of the stock is currently owned by insiders.
Beazley Company Profile
Beazley plc provides risk insurance and reinsurance solutions in the United States, the United Kingdom, rest of Europe, and internationally. It operates through Cyber Risks, Digital, MAP Risks, Property Risks, and Specialty Risks segments. The Cyber Risk segment underwrites cyber and technology risks.
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