Beazley plc (LON:BEZ) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Beazley plc (LON:BEZ) have received an average rating of “Moderate Buy” from the six ratings firms that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is GBX 1,074.17.

Several equities analysts recently weighed in on the stock. Berenberg Bank cut their price objective on shares of Beazley from GBX 1,150 to GBX 1,100 and set a “buy” rating on the stock in a report on Wednesday, November 26th. Royal Bank Of Canada upped their target price on shares of Beazley from GBX 1,000 to GBX 1,100 and gave the company an “outperform” rating in a research report on Tuesday, October 14th. Peel Hunt restated an “add” rating and issued a GBX 900 price target on shares of Beazley in a research report on Tuesday, November 25th. Jefferies Financial Group lifted their price objective 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. Finally, JPMorgan Chase & Co. decreased their target price on 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.

Beazley Price Performance

BEZ stock opened at GBX 1,131 on Thursday. The company has a 50 day moving average price of GBX 844.03 and a 200 day moving average price of GBX 861.06. Beazley has a fifty-two week low of GBX 750 and a fifty-two week high of GBX 1,199. The stock has a market capitalization of £6.67 billion, a PE ratio of 7.49, a price-to-earnings-growth ratio of 1.57 and a beta of 0.68.

About Beazley

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.