Beazley PLC (LON:BEZ) has received a consensus rating of “Buy” from the eleven ratings firms that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eight have given a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is GBX 599.57 ($7.89).
Several brokerages have recently weighed in on BEZ. Canaccord Genuity restated a “hold” rating and issued a GBX 625 ($8.22) price objective on shares of Beazley in a report on Monday, November 11th. UBS Group restated a “buy” rating on shares of Beazley in a report on Thursday. Royal Bank of Canada decreased their price objective on Beazley from GBX 650 ($8.55) to GBX 600 ($7.89) and set an “outperform” rating for the company in a report on Wednesday, December 11th. Peel Hunt restated an “overweight” rating and issued a GBX 450 ($5.92) price objective on shares of Beazley in a report on Tuesday, November 12th. Finally, Shore Capital restated a “buy” rating on shares of Beazley in a report on Friday, November 8th.
In other Beazley news, insider Sally Lake purchased 1,888 shares of the company’s stock in a transaction dated Wednesday, December 4th. The stock was bought at an average cost of GBX 534 ($7.02) per share, for a total transaction of £10,081.92 ($13,262.19). Also, insider David Roberts purchased 9,450 shares of the company’s stock in a transaction dated Wednesday, November 13th. The stock was acquired at an average price of GBX 532 ($7.00) per share, with a total value of £50,274 ($66,132.60). Insiders have acquired 52,638 shares of company stock valued at $28,594,092 over the last 90 days.
Shares of LON BEZ traded up GBX 3.50 ($0.05) during mid-day trading on Friday, hitting GBX 533.50 ($7.02). The company had a trading volume of 679,954 shares, compared to its average volume of 2,070,000. The company has a market capitalization of $2.83 billion and a PE ratio of 17.61. The firm has a 50-day simple moving average of GBX 543.78 and a two-hundred day simple moving average of GBX 570.63. The company has a current ratio of 13.44, a quick ratio of 11.23 and a debt-to-equity ratio of 25.45. Beazley has a one year low of GBX 486.60 ($6.40) and a one year high of GBX 634 ($8.34).
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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