Brokerages Set Beazley plc (LON:BEZ) Price Target at GBX 1,074.17

Shares of Beazley plc (LON:BEZ) have been given an average rating of “Moderate Buy” by the six research firms that are currently covering the company, MarketBeat Ratings reports. One research 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 brokerages that have covered the stock in the last year is GBX 1,074.17.

A number of equities research analysts have recently weighed in on BEZ shares. Citigroup lowered shares of Beazley to a “neutral” rating and raised their price objective for the company from GBX 1,025 to GBX 1,280 in a report on Thursday, January 22nd. JPMorgan Chase & Co. lowered 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 note on Wednesday, November 26th. Peel Hunt reissued an “add” rating and issued a GBX 900 target price on shares of Beazley in a report on Tuesday, November 25th. Finally, Berenberg Bank cut their price target 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.

Beazley Stock Performance

Shares of BEZ stock opened at GBX 1,288 on Friday. Beazley has a fifty-two week low of GBX 750 and a fifty-two week high of GBX 1,293. The firm has a market capitalization of £7.59 billion, a P/E ratio of 8.53, a PEG ratio of 1.57 and a beta of 0.29. The stock’s fifty day moving average is GBX 1,140.57 and its two-hundred day moving average is GBX 954.12.

Insider Transactions at Beazley

In related news, insider Paul Bantick sold 18,360 shares of the business’s stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of GBX 1,289, for a total transaction of £236,660.40. Also, insider Adrian Cox sold 77,032 shares of the company’s stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of GBX 1,289, for a total value of £992,942.48. In the last quarter, insiders sold 104,166 shares of company stock worth $134,261,200. Company insiders own 1.74% of the company’s stock.

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.