Royal Bank Of Canada Issues Pessimistic Forecast for Beazley (LON:BEZ) Stock Price

Beazley (LON:BEZ) had its price target dropped by investment analysts at Royal Bank Of Canada from GBX 1,125 ($15.25) to GBX 1,000 ($13.55) in a research note issued on Thursday, MarketBeat reports. The firm presently has an “outperform” rating on the stock. Royal Bank Of Canada’s target price suggests a potential upside of 27.56% from the company’s previous close.

Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 1,150 ($15.59) price objective on shares of Beazley in a research note on Monday, July 14th.

Beazley Stock Up 1.0%

LON BEZ opened at GBX 783.94 ($10.63) on Thursday. The firm has a market cap of £6.03 billion, a price-to-earnings ratio of 4.91, a price-to-earnings-growth ratio of 1.57 and a beta of 0.68. The business has a 50-day moving average price of GBX 906.55 and a 200-day moving average price of GBX 892.66. Beazley has a twelve month low of GBX 727.70 ($9.86) and a twelve month high of GBX 983.50 ($13.33).

Insider Buying and Selling

In other news, insider John Reizenstein purchased 5,089 shares of the company’s stock in a transaction that occurred on Thursday, August 14th. The stock was bought at an average cost of GBX 786 ($10.65) per share, with a total value of £39,999.54 ($54,214.61). Also, insider Carolyn Johnson purchased 22,800 shares of the company’s stock in a transaction that occurred on Thursday, August 14th. The shares were purchased at an average cost of GBX 776 ($10.52) per share, with a total value of £176,928 ($239,804.83). Over the last three months, insiders have purchased 29,161 shares of company stock valued at $22,692,546. 2.31% of the stock is owned by corporate 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.