Beazley (LON:BEZ) Earns Buy Rating from Berenberg Bank

Beazley (LON:BEZ)‘s stock had its “buy” rating reaffirmed by research analysts at Berenberg Bank in a research report issued to clients and investors on Thursday, MarketBeat.com reports. They currently have a GBX 1,150 price target on the stock. Berenberg Bank’s target price points to a potential upside of 46.13% from the company’s previous close.

Separately, Royal Bank Of Canada decreased their price target on shares of Beazley from GBX 1,125 to GBX 1,000 and set an “outperform” rating for the company in a report on Thursday, August 14th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of GBX 1,075.

Beazley Stock Up 0.1%

Shares of BEZ stock opened at GBX 786.98 on Thursday. Beazley has a 12-month low of GBX 727.70 and a 12-month high of GBX 983.50. The firm has a market capitalization of £4.79 billion, a price-to-earnings ratio of 521.18, a price-to-earnings-growth ratio of 1.57 and a beta of 0.68. The firm has a fifty day moving average of GBX 862.27 and a 200-day moving average of GBX 886.92.

Insider Activity at Beazley

In related news, insider Robert A. Stuchbery acquired 6,400 shares of the business’s stock in a transaction that occurred on Friday, August 15th. The shares were acquired at an average cost of GBX 785 per share, with a total value of £50,240. Also, insider John Reizenstein acquired 5,089 shares of the business’s stock in a transaction that occurred on Thursday, August 14th. The stock was bought at an average cost of GBX 786 per share, for a total transaction of £39,999.54. In the last ninety days, insiders have purchased 35,561 shares of company stock valued at $27,716,546. 1.68% 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.