Shore Capital reiterated their buy rating on shares of Beazley (LON:BEZ) in a research note published on Friday, ThisIsMoney.Co.Uk reports.
Several other equities analysts have also issued reports on the stock. Royal Bank of Canada cut their price objective on shares of Beazley from GBX 700 ($9.15) to GBX 675 ($8.82) and set a top pick rating on the stock in a report on Friday, July 19th. Peel Hunt reaffirmed a reduce rating on shares of Beazley in a report on Friday. JPMorgan Chase & Co. cut their price target on shares of Beazley from GBX 665 ($8.69) to GBX 630 ($8.23) and set an overweight rating on the stock in a report on Monday, September 16th. Finally, UBS Group reaffirmed a buy rating on shares of Beazley in a report on Friday, November 1st. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. Beazley presently has an average rating of Buy and a consensus price target of GBX 618.38 ($8.08).
BEZ stock traded up GBX 38 ($0.50) during trading on Friday, hitting GBX 577 ($7.54). 5,377,296 shares of the company’s stock traded hands, compared to its average volume of 2,070,000. The firm has a market capitalization of $3.07 billion and a P/E ratio of 19.04. The business has a fifty day simple moving average of GBX 602.94 and a two-hundred day simple moving average of GBX 576.67. The company has a quick ratio of 11.23, a current ratio of 13.44 and a debt-to-equity ratio of 25.45. Beazley has a 1 year low of GBX 486.60 ($6.36) and a 1 year high of GBX 634 ($8.28).
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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