JPMorgan Chase & Co. Cuts Beazley (BEZ) Price Target to GBX 650

Beazley (LON:BEZ) had its price target cut by equities researchers at JPMorgan Chase & Co. from GBX 670 ($8.75) to GBX 650 ($8.49) in a note issued to investors on Friday. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.’s price objective would suggest a potential upside of 22.99% from the company’s current price.

Several other research analysts have also recently weighed in on the company. Peel Hunt reaffirmed a “reduce” rating on shares of Beazley in a research report on Thursday. Shore Capital reissued an “under review” rating on shares of Beazley in a research report on Thursday. Royal Bank of Canada reissued a “top pick” rating on shares of Beazley in a research report on Monday, October 15th. Canaccord Genuity reissued a “buy” rating and set a GBX 685 ($8.95) price target on shares of Beazley in a research report on Thursday, September 6th. Finally, Berenberg Bank raised Beazley to a “buy” rating in a research report on Thursday, July 26th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Beazley has an average rating of “Buy” and a consensus target price of GBX 600 ($7.84).

BEZ stock opened at GBX 528.50 ($6.91) on Friday. 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 company’s stock in a transaction that occurred on Tuesday, August 21st. The stock was sold at an average price of GBX 587 ($7.67), for a total value 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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