Beazley PLC (BEZ) Stock Rating Reaffirmed by Peel Hunt
Beazley PLC (LON:BEZ)‘s stock had its “reduce” rating restated by equities research analysts at Peel Hunt in a research report issued to clients and investors on Thursday. They presently have a GBX 370 ($4.78) price target on the stock. Peel Hunt’s price objective would indicate a potential downside of 17.96% from the stock’s current price.
BEZ has been the subject of a number of other research reports. Numis Securities Ltd lowered Beazley PLC to an “add” rating in a research report on Friday, July 21st. Canaccord Genuity reissued a “buy” rating on shares of Beazley PLC in a research report on Friday, May 12th. Credit Suisse Group assumed coverage on Beazley PLC in a research report on Tuesday, July 18th. They issued an “outperform” rating for the company. J P Morgan Chase & Co reissued an “overweight” rating on shares of Beazley PLC in a research report on Tuesday, July 18th. Finally, Shore Capital reissued a “buy” rating on shares of Beazley PLC in a research report on Thursday, May 11th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of GBX 386.25 ($4.99).
Shares of Beazley PLC (LON BEZ) traded up 0.22% during mid-day trading on Thursday, hitting GBX 451.00. 2,280,666 shares of the stock traded hands. The company’s 50-day moving average price is GBX 510.34 and its 200 day moving average price is GBX 469.49. Beazley PLC has a 1-year low of GBX 351.68 and a 1-year high of GBX 527.50. The company’s market capitalization is GBX 2.35 billion.
Beazley PLC (LON:BEZ) last announced its quarterly earnings results on Friday, July 21st. The company reported $0.25 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.05. Beazley PLC had a net margin of 13.31% and a return on equity of 16.59%. Equities research analysts forecast that Beazley PLC will post $32.39 EPS for the current fiscal year.
In other Beazley PLC news, insider Martin Bride purchased 4,354 shares of Beazley PLC stock in a transaction dated Friday, August 4th. The stock was purchased at an average price of GBX 207 ($2.67) per share, with a total value of £9,012.78 ($11,639.91). Also, insider George Blunden sold 5,000 shares of the company’s stock in a transaction dated Monday, July 24th. The shares were sold at an average price of GBX 501 ($6.47), for a total transaction of £25,050 ($32,351.80).
About Beazley PLC
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