Beazley (LON:BEZ) had its price target boosted by investment analysts at Peel Hunt from GBX 320 ($4.49) to GBX 380 ($5.34) in a report issued on Friday. The firm presently has a “reduce” rating on the stock. Peel Hunt’s target price points to a potential downside of 28.77% from the company’s previous close.
A number of other brokerages have also recently weighed in on BEZ. Shore Capital reissued a “buy” rating on shares of Beazley in a research note on Wednesday, January 17th. Numis Securities cut Beazley to a “hold” rating in a research note on Thursday, October 5th. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Beazley in a research note on Wednesday, November 8th. Finally, Berenberg Bank initiated coverage on Beazley in a research note on Wednesday, December 13th. They set a “hold” rating on the stock. Two analysts have rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company’s stock. Beazley presently has an average rating of “Hold” and an average target price of GBX 388.75 ($5.46).
Shares of Beazley (LON:BEZ) traded down GBX 0.50 ($0.01) on Friday, reaching GBX 533.50 ($7.49). The company had a trading volume of 1,064,472 shares, compared to its average volume of 1,120,000. The stock has a market cap of $2,780.00 and a PE ratio of 1,667.19. Beazley has a 1 year low of GBX 397.10 ($5.58) and a 1 year high of GBX 564 ($7.92).
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Beazley plc is a holding company for the Beazley group, which is engaged in the specialist risk insurance and reinsurance business. The Company’s segments include Life, accident & health, which underwrites life, health, personal accident, sports and income protection risks; Marine, which underwrites a range of marine classes, including hull, satellite, aviation and war risks; Political risks & contingency, which underwrites terrorism, political violence, expropriation and credit risks, as well as contingency and risks associated with contract frustration; Property, which underwrites commercial, homeowner’s, and construction and engineering property insurance; Reinsurance, which specializes in writing property catastrophe, casualty clash, aggregate excess of loss and pro-rata business, and Specialty lines, which underwrites professional liability, management liability and environmental liability, including architects and engineers, healthcare, technology and business services.
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