Berenberg Bank Reiterates “Buy” Rating for Beazley (LON:BEZ)

Beazley (LON:BEZ)‘s stock had its “buy” rating reiterated by Berenberg Bank in a report issued on Monday, Marketbeat reports. They currently have a GBX 1,150 price target on the stock. Berenberg Bank’s price objective indicates a potential upside of 24.22% from the stock’s current price.

Separately, Royal Bank Of Canada lowered their price objective on Beazley from GBX 1,125 to GBX 1,000 and set an “outperform” rating for the company in a research note on Thursday, August 14th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat, Beazley presently has an average rating of “Buy” and an average price target of GBX 1,075.

Beazley Stock Performance

Shares of Beazley stock opened at GBX 925.80 on Monday. Beazley has a 52-week low of GBX 727.70 and a 52-week high of GBX 983.50. The firm has a 50-day moving average of GBX 838.33 and a 200-day moving average of GBX 884.15. The stock has a market cap of £5.50 billion, a PE ratio of 613.11, a PEG ratio of 1.57 and a beta of 0.68.

Insider Buying and Selling

In related news, insider John Reizenstein bought 5,089 shares of Beazley stock in a transaction on Thursday, August 14th. The stock was acquired at an average price of GBX 786 per share, with a total value of £39,999.54. Also, insider Robert A. Stuchbery acquired 6,400 shares of the business’s stock in a transaction dated Friday, August 15th. The shares were acquired at an average cost of GBX 785 per share, with a total value of £50,240. In the last 90 days, insiders bought 35,561 shares of company stock valued at $27,716,546. 1.68% of the stock is owned by insiders.

About Beazley

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.