Beazley (LON:BEZ) Reaches New 1-Year Low Following Analyst Downgrade

Beazley plc (LON:BEZ)’s stock price reached a new 52-week low during mid-day 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.

Other equities analysts also recently issued research reports about the company. Berenberg Bank decreased their target price on Beazley from GBX 1,150 to GBX 1,100 and set a “buy” rating on the stock in a research report on Wednesday. Jefferies Financial Group boosted their price target 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. Peel Hunt reaffirmed an “add” rating and issued a GBX 900 price objective on shares of Beazley in a report on Tuesday. Finally, Royal Bank Of Canada lifted their target price on Beazley from GBX 1,000 to GBX 1,100 and gave the stock an “outperform” rating in a report on Tuesday, October 14th. Five analysts have rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and an average target price of GBX 1,033.

Beazley Stock Up 0.6%

The stock has a 50 day moving average of GBX 890.33 and a 200 day moving average of GBX 885.21. The firm has a market cap of £4.76 billion, a price-to-earnings ratio of 5.32, 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.