Beazley plc (LON:BEZ) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Beazley plc (LON:BEZ) have earned an average rating of “Moderate Buy” from the six brokerages that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is GBX 1,074.17.

Several analysts have commented on BEZ shares. JPMorgan Chase & Co. dropped their target price on shares of Beazley from GBX 1,050 to GBX 1,025 and set an “overweight” rating for the company in a research report on Wednesday, November 26th. Citigroup downgraded Beazley to a “neutral” rating and upped their price objective for the company from GBX 1,025 to GBX 1,280 in a report on Thursday, January 22nd. Berenberg Bank cut their target price on Beazley from GBX 1,150 to GBX 1,100 and set a “buy” rating on the stock in a research note on Wednesday, November 26th. Jefferies Financial Group raised their target price on Beazley from GBX 1,000 to GBX 1,040 and gave the stock a “buy” rating in a report on Wednesday, November 12th. Finally, Peel Hunt reaffirmed 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

BEZ opened at GBX 1,230 on Monday. The firm has a 50 day simple moving average of GBX 966.13 and a 200 day simple moving average of GBX 895.40. Beazley has a fifty-two week low of GBX 750 and a fifty-two week high of GBX 1,269.13. The company has a market cap of £7.24 billion, a price-to-earnings ratio of 8.15, a price-to-earnings-growth 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. 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.