Canaccord Genuity Trims Beazley (BEZ) Target Price to GBX 610

Beazley (LON:BEZ) had its price objective reduced by investment analysts at Canaccord Genuity from GBX 685 ($8.95) to GBX 610 ($7.97) in a research report issued on Friday. The brokerage presently has a “buy” rating on the stock. Canaccord Genuity’s price target would suggest a potential upside of 14.66% from the stock’s current price.

A number of other research analysts also recently commented on BEZ. Numis Securities reaffirmed a “hold” rating on shares of Beazley in a research note on Friday, July 20th. Peel Hunt reaffirmed a “reduce” rating on shares of Beazley in a research note on Friday, July 20th. UBS Group reaffirmed a “neutral” rating on shares of Beazley in a research note on Monday, July 23rd. Berenberg Bank raised Beazley to a “buy” rating in a research note on Thursday, July 26th. Finally, Royal Bank of Canada reaffirmed a “top pick” rating on shares of Beazley in a research note on Monday, October 15th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. Beazley currently has an average rating of “Buy” and an average price target of GBX 575 ($7.51).

BEZ stock remained flat at $GBX 532 ($6.95) during midday trading on Friday. The company had a trading volume of 1,023,257 shares, compared to its average volume of 2,070,000. Beazley has a fifty-two week low of GBX 422.15 ($5.52) and a fifty-two week high of GBX 579 ($7.57).

In other Beazley news, insider George Blunden sold 5,000 shares of the business’s stock in a transaction dated Tuesday, August 21st. The stock was sold at an average price of GBX 587 ($7.67), for a total transaction of £29,350 ($38,350.97).

Beazley Company Profile

Beazley plc provides risk insurance and reinsurance solutions worldwide. The company's Marine segment underwrites various marine classes, including hull, energy, cargo and specie, piracy, satellite, aviation, kidnap and ransom, and war risks. Its Political, Accident & Contingency segment underwrites terrorism, political violence, expropriation, and credit risks, as well as contingency and risks associated with contract frustration.

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Analyst Recommendations for Beazley (LON:BEZ)

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