Berenberg Bank Reaffirms Buy Rating for Beazley (LON:BEZ)

Beazley (LON:BEZ)‘s stock had its “buy” rating restated by stock analysts at Berenberg Bank in a research report issued on Monday, Marketbeat Ratings reports. They currently have a GBX 1,150 ($15.40) price objective on the stock. Berenberg Bank’s price objective suggests a potential upside of 27.92% from the stock’s current price.

Beazley Price Performance

LON:BEZ opened at GBX 899 ($12.04) on Monday. The business has a fifty day simple moving average of GBX 920.51 and a two-hundred day simple moving average of GBX 881.62. Beazley has a 1 year low of GBX 611 ($8.18) and a 1 year high of GBX 983.50 ($13.17). The company has a market capitalization of £6.91 billion, a P/E ratio of 5.63, a P/E/G ratio of 1.57 and a beta of 0.68.

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.