Beazley (LON:BEZ) Price Target Cut to GBX 660

Beazley (LON:BEZ) had its price objective reduced by Morgan Stanley from GBX 690 ($9.02) to GBX 660 ($8.62) in a report issued on Monday morning, Digital Look reports. They currently have an overweight rating on the stock.

Several other equities research analysts have also recently issued reports on the stock. Canaccord Genuity restated a hold rating and set a GBX 625 ($8.17) price objective on shares of Beazley in a research report on Monday, November 11th. Peel Hunt reiterated an overweight rating and issued a GBX 450 ($5.88) target price on shares of Beazley in a report on Tuesday, November 12th. UBS Group decreased their target price on shares of Beazley from GBX 650 ($8.49) to GBX 630 ($8.23) and set a buy rating on the stock in a report on Monday, November 11th. Jefferies Financial Group dropped their price target on shares of Beazley from GBX 665 ($8.69) to GBX 616 ($8.05) and set a buy rating for the company in a research note on Thursday, November 28th. Finally, Shore Capital restated a buy rating on shares of Beazley in a report on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of Buy and a consensus target price of GBX 594.67 ($7.77).

Shares of BEZ stock opened at GBX 530.50 ($6.93) on Monday. The company’s 50-day moving average price is GBX 562.62 and its 200-day moving average price is GBX 573.84. The company has a current ratio of 13.44, a quick ratio of 11.23 and a debt-to-equity ratio of 25.45. The stock has a market cap of $2.81 billion and a price-to-earnings ratio of 17.51. Beazley has a twelve month low of GBX 486.60 ($6.36) and a twelve month high of GBX 634 ($8.28).

In related news, insider Sally Lake acquired 1,888 shares of the stock in a transaction that occurred on Wednesday, December 4th. The stock was purchased at an average price of GBX 534 ($6.98) per share, with a total value of £10,081.92 ($13,173.81). Also, insider David Roberts acquired 9,450 shares of the stock in a transaction that occurred on Wednesday, November 13th. The shares were bought at an average cost of GBX 532 ($6.95) per share, with a total value of £50,274 ($65,691.89).

About Beazley

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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