Beazley (LON:BEZ) Share Price Crosses Below 200 Day Moving Average – Should You Sell?

Shares of Beazley plc (LON:BEZ) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 861.52 and traded as low as GBX 798.50. Beazley shares last traded at GBX 803.42, with a volume of 5,486,326 shares traded.

Wall Street Analysts Forecast Growth

BEZ has been the subject of several research reports. JPMorgan Chase & Co. lowered their price objective on shares of Beazley from GBX 1,050 to GBX 1,025 and set an “overweight” rating for the company in a research note on Wednesday, November 26th. Peel Hunt reaffirmed an “add” rating and issued a GBX 900 target price on shares of Beazley in a research report on Tuesday, November 25th. Berenberg Bank lowered their price target on Beazley from GBX 1,150 to GBX 1,100 and set a “buy” rating for the company in a research report on Wednesday, November 26th. Royal Bank Of Canada upped their price target on Beazley from GBX 1,000 to GBX 1,100 and gave the stock an “outperform” rating in a research note on Tuesday, October 14th. Finally, Jefferies Financial Group lifted 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. Five analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of GBX 1,033.

Beazley Price Performance

The company has a market cap of £4.72 billion, a price-to-earnings ratio of 5.30, a P/E/G ratio of 1.57 and a beta of 0.68. The company’s 50-day simple moving average is GBX 841.88 and its 200-day simple moving average is GBX 861.52.

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.