Beazley (LON:BEZ) Trading Up 40.5% – Should You Buy?

Beazley plc (LON:BEZ) shares shot up 40.5% during mid-day trading on Monday . The company traded as high as GBX 1,195 and last traded at GBX 1,152.45. 15,440,655 shares traded hands during trading, an increase of 107% from the average session volume of 7,449,580 shares. The stock had previously closed at GBX 820.

Analysts Set New Price Targets

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

Beazley Stock Up 2.3%

The stock’s 50 day moving average price is GBX 839.13 and its 200-day moving average price is GBX 859.03. The stock has a market capitalization of £6.79 billion, a P/E ratio of 7.63, a P/E/G ratio of 1.57 and a beta of 0.68.

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.