Beazley PLC (BEZ) Receives Average Recommendation of “Buy” from Brokerages

Beazley PLC (LON:BEZ) has earned an average rating of “Buy” from the eight brokerages that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, two have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is GBX 630 ($8.23).

Several equities research analysts have commented on the stock. Canaccord Genuity dropped their price objective on shares of Beazley from GBX 685 ($8.95) to GBX 610 ($7.97) and set a “buy” rating on the stock in a report on Friday. JPMorgan Chase & Co. dropped their price objective on shares of Beazley from GBX 670 ($8.75) to GBX 650 ($8.49) and set an “overweight” rating on the stock in a report on Friday. Peel Hunt reaffirmed a “reduce” rating on shares of Beazley in a report on Thursday. Shore Capital reissued an “under review” rating on shares of Beazley in a report on Thursday. Finally, Royal Bank of Canada reissued a “top pick” rating on shares of Beazley in a report on Monday, October 15th.

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

LON BEZ opened at GBX 532 ($6.95) on Friday. Beazley has a 52 week low of GBX 422.15 ($5.52) and a 52 week high of GBX 579 ($7.57).

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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