Beazley Upgraded to Add at Westhouse Securities (BEZ)
Beazley (LON:BEZ) was upgraded by investment analysts at Westhouse Securities to an “add” rating in a note issued to investors on Wednesday, Analyst RN reports. The firm currently has a GBX 245 ($3.96) price objective on the stock. Westhouse Securities’ target price would indicate a potential upside of 10.71% from the company’s current price.
Beazley (LON:BEZ) opened at 223.60 on Wednesday. Beazley has a one year low of GBX 167.00 and a one 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 £1.127 billion.
BEZ has been the subject of a number of other recent research reports. 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 ($4.21) 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 investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of GBX 238.69 ($3.86).
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.