Beazley plc (LON:BEZ) Receives GBX 1,074.17 Consensus Target Price from Analysts

Shares of Beazley plc (LON:BEZ) have been given a consensus recommendation of “Moderate Buy” by the six brokerages that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is GBX 1,074.17.

BEZ has been the subject of a number of research analyst reports. Jefferies Financial Group upped their target price on shares of Beazley from GBX 1,000 to GBX 1,040 and gave the stock a “buy” rating in a research note on Wednesday, November 12th. Citigroup downgraded shares of Beazley to a “neutral” rating and raised their target price for the company from GBX 1,025 to GBX 1,280 in a research report on Thursday. Berenberg Bank reduced 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. JPMorgan Chase & Co. dropped their target price on Beazley from GBX 1,050 to GBX 1,025 and set an “overweight” rating on the stock in a report on Wednesday, November 26th. Finally, Peel Hunt restated an “add” rating and issued a GBX 900 price target on shares of Beazley in a research note on Tuesday, November 25th.

Beazley Price Performance

LON:BEZ opened at GBX 1,159.42 on Thursday. Beazley has a 1 year low of GBX 750 and a 1 year high of GBX 1,199. The company has a market cap of £6.83 billion, a P/E ratio of 7.68, a P/E/G ratio of 1.57 and a beta of 0.68. The stock’s fifty day moving average price is GBX 853.88 and its two-hundred day moving average price is GBX 864.62.

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.