Numis Securities Ltd Reiterates Buy Rating for Beazley PLC (BEZ)
Beazley PLC (LON:BEZ)‘s stock had its “buy” rating reaffirmed by investment analysts at Numis Securities Ltd in a note issued to investors on Tuesday. They currently have a GBX 305 ($5.21) price objective on the stock. Numis Securities Ltd’s price target would suggest a potential upside of 17.31% from the company’s current price.
Beazley PLC (LON:BEZ) traded up 4.42% on Tuesday, hitting GBX 260.00. The stock had a trading volume of 860,949 shares. Beazley PLC has a 52-week low of GBX 199.00 and a 52-week high of GBX 282.77. The stock’s 50-day moving average is GBX 253.5 and its 200-day moving average is GBX 257.4. The company’s market cap is £1.306 billion.
The company also recently declared a dividend, which is scheduled for Friday, August 29th. Shareholders of record on Wednesday, July 30th will be given a dividend of GBX 3.10 ($0.05) per share. This represents a yield of 1.19%. The ex-dividend date of this dividend is Wednesday, July 30th.
A number of other analysts have also recently weighed in on BEZ. Analysts at Westhouse Securities reiterated an “add” rating on shares of Beazley PLC in a research note on Friday. They now have a GBX 275 ($4.70) price target on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Beazley PLC in a research note on Friday. They now have a GBX 258 ($4.41) price target on the stock. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of GBX 283 ($4.84).
Beazley plc is a holding company engaged in global specialist risk insurance and reinsurance business.
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