Beazley (LON:BEZ) Trading Up 42.7% – What’s Next?

Beazley plc (LON:BEZ)’s stock price was up 42.7% during mid-day trading on Monday . The company traded as high as GBX 1,175 and last traded at GBX 1,170. Approximately 100,684,531 shares traded hands during trading, an increase of 592% from the average daily volume of 14,553,236 shares. The stock had previously closed at GBX 820.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. JPMorgan Chase & Co. lowered their price objective on shares of Beazley from GBX 1,050 to GBX 1,025 and set an “overweight” rating for the company in a research report on Wednesday, November 26th. Peel Hunt restated an “add” rating and set a GBX 900 price target on shares of Beazley in a research note on Tuesday, November 25th. Berenberg Bank lowered their price target on Beazley from GBX 1,150 to GBX 1,100 and set a “buy” rating for the company in a research report on Wednesday, November 26th. Royal Bank Of Canada boosted their price objective on Beazley from GBX 1,000 to GBX 1,100 and gave the company an “outperform” rating in a report on Tuesday, October 14th. Finally, Jefferies Financial Group increased their target price on Beazley from GBX 1,000 to GBX 1,040 and gave the stock a “buy” rating in a research note on Wednesday, November 12th. Five equities research analysts have rated the stock with a Buy rating, According to MarketBeat, Beazley presently has a consensus rating of “Buy” and a consensus price target of GBX 1,033.

Beazley Stock Up 42.7%

The firm has a market capitalization of £6.90 billion, a PE ratio of 7.75, a PEG ratio of 1.57 and a beta of 0.68. The business’s fifty day moving average price is GBX 829.24 and its 200 day moving average price is GBX 855.62.

Beazley Company Profile

Beazley plc provides risk insurance and reinsurance solutions in the United States, the United Kingdom, rest of Europe, and internationally. It operates through Cyber Risks, Digital, MAP Risks, Property Risks, and Specialty Risks segments. The Cyber Risk segment underwrites cyber and technology risks. The Digital segment underwrites various marine, contingency, and SME liability risks through digital channels, such as e-trading platforms and broker portals. The MAP Risks segment underwrites marine, portfolio underwriting and political, and contingency business.