Beazley (LON:BEZ) Hits New 52-Week Low on Analyst Downgrade

Shares of Beazley plc (LON:BEZ) hit a new 52-week low during trading on Wednesday after JPMorgan Chase & Co. lowered their price target on the stock from GBX 1,050 to GBX 1,025. JPMorgan Chase & Co. currently has an overweight rating on the stock. Beazley traded as low as GBX 750 and last traded at GBX 781, with a volume of 4360505 shares trading hands. The stock had previously closed at GBX 860.

Several other equities research analysts also recently issued reports on the company. Royal Bank Of Canada increased their target price on Beazley from GBX 1,000 to GBX 1,100 and gave the stock an “outperform” rating in a research report on Tuesday, October 14th. Jefferies Financial Group boosted their price objective on Beazley from GBX 1,000 to GBX 1,040 and gave the company a “buy” rating in a research note on Wednesday, November 12th. Berenberg Bank dropped their price objective on Beazley from GBX 1,150 to GBX 1,100 and set a “buy” rating on the stock in a report on Wednesday. Finally, Peel Hunt restated an “add” rating and issued a GBX 900 target price on shares of Beazley in a research note on Tuesday. Five analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of GBX 1,033.

Beazley Stock Performance

The stock has a market cap of £4.74 billion, a P/E ratio of 5.30, a P/E/G ratio of 1.57 and a beta of 0.68. The stock has a 50-day moving average price of GBX 890.33 and a 200-day moving average price of GBX 885.21.

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.