Beazley (LON:BEZ) Trading Up 40.5% – Still a Buy?

Beazley plc (LON:BEZ) rose 40.5% on Monday . The company traded as high as GBX 1,195 and last traded at GBX 1,151.73. Approximately 13,631,455 shares changed hands during trading, an increase of 87% from the average daily volume of 7,298,813 shares. The stock had previously closed at GBX 820.

Analyst Upgrades and Downgrades

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

Beazley Stock Up 44.1%

The company has a market cap of £6.97 billion, a P/E ratio of 7.83, a P/E/G ratio of 1.57 and a beta of 0.68. The business has a fifty day moving average of GBX 829.24 and a 200 day moving average of 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.