Beazley Receives “Neutral” Rating from JPMorgan Chase & Co. (BEZ)
Beazley (LON:BEZ)‘s stock had its “neutral” rating restated by research analysts at JPMorgan Chase & Co. in a report released on Wednesday, American Banking & Market News reports. They currently have a GBX 223 ($3.49) price target on the stock. JPMorgan Chase & Co.’s price target indicates a potential upside of 7.06% from the stock’s previous close.
Beazley (LON:BEZ) opened at 209.60 on Wednesday. Beazley has a 52-week low of GBX 160.10 and a 52-week high of GBX 244.80. The stock’s 50-day moving average is GBX 212.6 and its 200-day moving average is GBX 219.7. The company’s market cap is £1.054 billion.
A number of other analysts have also recently weighed in on BEZ. Analysts at Numis Securities Ltd reiterated an “add” rating on shares of Beazley (LON:BEZ) in a research note to investors on Monday, September 2nd. They now have a GBX 260 ($4.07) price target on the stock. Separately, analysts at Westhouse Securities reiterated a “neutral” rating on shares of Beazley (LON:BEZ) in a research note to investors on Friday, August 23rd. Finally, analysts at Westhouse Securities reiterated a “neutral” rating on shares of Beazley (LON:BEZ) in a research note to investors on Thursday, August 15th.
Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Beazley has an average rating of “Buy” and a consensus price target of GBX 230.97 ($3.61).
Beazley plc is the parent company of specialist insurance businesses. The Company operates in six segments: Life, accident and health segment, which underwrites life, personal accident and sports risks; Marine segment, which underwrites a range of marine classes, including hull, energy, cargo and specie and war risks; Political risks and contingency segment, which underwrites terrorism, political violence, expropriation and credit risks, as well as contingency and risks associated with contract frustration; Property segment, which underwrites commercial, homeowners’ and engineering property insurance on a worldwide basis; Reinsurance segment specializes in writing property catastrophe, property per risk, aggregate excess of loss and pro-rata business, and Specialty lines segment, which underwrites professional lines, employment practices liability, specialty liability, directors’ and officers’ liability and healthcare.
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