Beazley (LON:BEZ) Stock Price Passes Below Two Hundred Day Moving Average – What’s Next?

Shares of Beazley plc (LON:BEZ) crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 865.67 and traded as low as GBX 835.50. Beazley shares last traded at GBX 844, with a volume of 707,995 shares traded.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on BEZ shares. Royal Bank Of Canada raised their price objective on shares of Beazley from GBX 1,000 to GBX 1,100 and gave the stock an “outperform” rating in a report on Tuesday, October 14th. Jefferies Financial Group increased their target price on shares of Beazley from GBX 1,000 to GBX 1,040 and gave the company a “buy” rating in a research report on Wednesday, November 12th. JPMorgan Chase & Co. cut their price target on shares of Beazley from GBX 1,050 to GBX 1,025 and set an “overweight” rating on the stock in a research note on Wednesday, November 26th. Berenberg Bank decreased their price objective on shares of Beazley from GBX 1,150 to GBX 1,100 and set a “buy” rating for the company in a research note on Wednesday, November 26th. Finally, Peel Hunt reaffirmed an “add” rating and set a GBX 900 price objective on shares of Beazley in a report on Tuesday, November 25th. Five investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, Beazley currently has a consensus rating of “Buy” and a consensus target price of GBX 1,033.

Beazley Trading Up 0.8%

The company has a 50 day simple moving average of GBX 852.79 and a 200 day simple moving average of GBX 865.67. The stock has a market capitalization of £4.97 billion, a PE ratio of 5.59, a P/E/G ratio of 1.57 and a beta of 0.68.

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. The Digital segment underwrites various marine, contingency, and SME liability risks through digital channels, such as e-trading platforms and broker portals. The MAP Risks segment underwrites marine, portfolio underwriting and political, and contingency business.