Beazley PLC (BEZ) Receives Average Rating of “Hold” from Brokerages
Shares of Beazley PLC (LON:BEZ) have been assigned a consensus rating of “Hold” from the ten ratings firms that are covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is GBX 361.67 ($4.90).
Several equities research analysts have issued reports on BEZ shares. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Beazley in a report on Wednesday, September 27th. Peel Hunt cut their price target on Beazley from GBX 370 ($5.02) to GBX 320 ($4.34) and set a “reduce” rating for the company in a report on Friday, September 29th. Shore Capital reaffirmed a “buy” rating on shares of Beazley in a report on Friday, September 29th. Numis Securities downgraded Beazley to a “hold” rating in a report on Thursday, October 5th. Finally, Berenberg Bank started coverage on Beazley in a report on Wednesday, December 13th. They set a “hold” rating for the company.
In other news, insider David Roberts bought 41,300 shares of the company’s stock in a transaction dated Monday, December 18th. The stock was bought at an average price of GBX 486 ($6.59) per share, with a total value of £200,718 ($272,196.91).
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