Beazley (LON:BEZ) Downgraded to Neutral Rating by Citigroup

Citigroup downgraded shares of Beazley (LON:BEZ) to a neutral rating in a research report released on Thursday, Marketbeat reports. They currently have GBX 1,280 target price on the stock, up from their previous target price of GBX 1,025.

Several other equities research analysts have also weighed in on BEZ. Jefferies Financial Group increased their price objective 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. Peel Hunt reiterated an “add” rating and set a GBX 900 price target on shares of Beazley in a research report on Tuesday, November 25th. JPMorgan Chase & Co. cut their price target 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. Royal Bank Of Canada upped their price objective 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, 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. Five investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Beazley presently has an average rating of “Moderate Buy” and a consensus target price of GBX 1,074.17.

Beazley Stock Performance

Shares of LON:BEZ opened at GBX 1,139.90 on Thursday. The company’s fifty day moving average is GBX 848.63 and its two-hundred day moving average is GBX 862.99. Beazley has a 1-year low of GBX 750 and a 1-year high of GBX 1,199. The stock has a market capitalization of £6.72 billion, a price-to-earnings ratio of 7.55, 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.