Beazley Given “Neutral” Rating at Westhouse Securities (BEZ)
Beazley (LON:BEZ)‘s stock had its “neutral” rating restated by investment analysts at Westhouse Securities in a note issued to investors on Thursday, Stock Ratings Network reports.
Shares of Beazley (LON:BEZ) opened at 217.2303 on Thursday. Beazley has a 1-year low of GBX 167.00 and a 1-year high of GBX 244.80. The stock has a 50-day moving average of GBX 210.6 and a 200-day moving average of GBX 220.2. The company’s market cap is £1.095 billion.
A number of other firms have also recently commented on BEZ. Analysts at Canaccord Genuity reiterated a “buy” rating on shares of Beazley in a research note to investors on Friday, September 27th. They now have a GBX 260 ($4.20) price target on the stock. Separately, analysts at Berenberg Bank raised their price target on shares of Beazley from GBX 238 ($3.85) to GBX 278 ($4.50) in a research note to investors on Friday, September 27th. They now have a “hold” rating on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Beazley in a research note to investors on Wednesday, September 11th. They now have a GBX 223 ($3.61) price target on the stock. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Buy” and an average target price of GBX 237.64 ($3.84).
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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