Beazley (LON:BEZ) Hits New 12-Month High – Should You Buy?

Beazley plc (LON:BEZ) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 1,195 and last traded at GBX 1,152.45, with a volume of 15440655 shares trading hands. The stock had previously closed at GBX 820.

More Beazley News

Here are the key news stories impacting Beazley this week:

• Positive Sentiment: Takeover interest raises chance of a takeover premium or renewed, improved offers, which could push BEZ’s valuation above current trading levels. Beazley Rejects Initial Zurich Approach as Takeover Talks Loom
• Neutral Sentiment: Announcement increases near‑term volume and volatility; the move may attract activist or rival bidders but also could simply be preliminary talk that does not lead to a deal. Beazley Rejects Initial Zurich Approach as Takeover Talks Loom
• Negative Sentiment: Rejection of the initial bid signals the offer was too low; until a firm, attractive proposal emerges there is uncertainty that could weigh on the stock and prompt short‑term trading swings. Beazley Rejects Initial Zurich Approach as Takeover Talks Loom

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on BEZ. JPMorgan Chase & Co. decreased 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 report on Wednesday, November 26th. Peel Hunt reaffirmed an “add” rating and set a GBX 900 price target on shares of Beazley in a research note on Tuesday, November 25th. Jefferies Financial Group increased their price objective on Beazley from GBX 1,000 to GBX 1,040 and gave the stock a “buy” rating in a research note on Wednesday, November 12th. Berenberg Bank decreased their target price 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. Finally, Royal Bank Of Canada upped 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 data from MarketBeat.com, Beazley presently has an average rating of “Buy” and an average price target of GBX 1,033.

Beazley Price Performance

The company has a market cap of £6.79 billion, a PE ratio of 7.63, a price-to-earnings-growth ratio of 1.57 and a beta of 0.68. The business has a fifty day simple moving average of GBX 834.24 and a two-hundred day simple moving average of GBX 857.33.

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.