Beazley PLC (BEZ) Given Consensus Recommendation of “Buy” by Brokerages

Beazley PLC (LON:BEZ) has received an average recommendation of “Buy” from the nine research firms that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is GBX 613.33 ($8.01).

BEZ has been the subject of a number of research analyst reports. Canaccord Genuity lowered their price target on Beazley from GBX 685 ($8.95) to GBX 610 ($7.97) and set a “buy” rating for the company in a report on Friday, November 9th. UBS Group reissued a “neutral” rating and set a GBX 580 ($7.58) price target (up previously from GBX 560 ($7.32)) on shares of Beazley in a report on Tuesday, November 20th. Credit Suisse Group reissued an “outperform” rating on shares of Beazley in a report on Thursday, November 15th. JPMorgan Chase & Co. lowered their price target on Beazley from GBX 670 ($8.75) to GBX 650 ($8.49) and set an “overweight” rating for the company in a report on Friday, November 9th. Finally, Peel Hunt reissued a “reduce” rating on shares of Beazley in a report on Wednesday, November 14th.

Beazley stock opened at GBX 528 ($6.90) on Thursday. Beazley has a 52 week low of GBX 422.15 ($5.52) and a 52 week high of GBX 579 ($7.57).

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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