Beazley (LON:BEZ) Price Target Raised to GBX 675

Beazley (LON:BEZ) had its target price increased by Royal Bank of Canada from GBX 600 ($7.89) to GBX 675 ($8.88) in a research note released on Tuesday morning, Stock Target Advisor reports. They currently have an outperform rating on the stock.

A number of other research analysts have also commented on BEZ. Canaccord Genuity reaffirmed a hold rating and set a GBX 625 ($8.22) price target on shares of Beazley in a research report on Monday, November 11th. Shore Capital reaffirmed a buy rating on shares of Beazley in a research report on Friday, November 8th. Peel Hunt reaffirmed an overweight rating and set a GBX 450 ($5.92) price target on shares of Beazley in a research report on Tuesday, November 12th. Morgan Stanley lowered their price target on Beazley from GBX 690 ($9.08) to GBX 660 ($8.68) and set an overweight rating for the company in a research report on Monday, December 2nd. Finally, UBS Group reaffirmed a buy rating on shares of Beazley in a research report on Thursday, January 16th. One research analyst has rated the stock with a sell rating, two have given a hold rating and eight have issued a buy rating to the company. The company presently has a consensus rating of Buy and a consensus price target of GBX 594.67 ($7.82).

LON BEZ opened at GBX 543.50 ($7.15) on Tuesday. Beazley has a 1-year low of GBX 486.60 ($6.40) and a 1-year high of GBX 634 ($8.34). 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 50-day moving average of GBX 544.56 and a 200-day moving average of GBX 569.79. The firm has a market cap of $2.85 billion and a PE ratio of 17.94.

In related news, insider Adrian Cox purchased 36,300 shares of the business’s stock in a transaction that occurred on Wednesday, December 18th. The shares were bought at an average price of GBX 545 ($7.17) per share, for a total transaction of £197,835 ($260,240.73). Also, insider Christine LaSala purchased 5,000 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The stock was bought at an average price of GBX 555 ($7.30) per share, for a total transaction of £27,750 ($36,503.55). Insiders have acquired a total of 52,638 shares of company stock worth $28,594,092 in the last quarter.

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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