Beazley (BEZ) Lifted to Add at Numis Securities

Beazley (LON:BEZ) was upgraded by equities research analysts at Numis Securities to an “add” rating in a research note issued to investors on Thursday.

Several other research firms have also recently issued reports on BEZ. Shore Capital reaffirmed a “buy” rating on shares of Beazley in a research report on Thursday. JPMorgan Chase & Co. restated an “overweight” rating on shares of Beazley in a report on Wednesday, November 8th. Peel Hunt restated a “reduce” rating and issued a GBX 320 ($4.49) price objective on shares of Beazley in a report on Thursday, January 4th. Finally, Berenberg Bank started coverage on shares of Beazley in a report on Wednesday, December 13th. They issued a “hold” rating on the stock. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of GBX 372.50 ($5.22).

Beazley (LON:BEZ) traded down GBX 10.50 ($0.15) during trading on Thursday, reaching GBX 550 ($7.71). The company’s stock had a trading volume of 6,650,000 shares, compared to its average volume of 1,260,000. Beazley has a 52 week low of GBX 418.20 ($5.86) and a 52 week high of GBX 568.50 ($7.97). The stock has a market capitalization of $2,870.00 and a PE ratio of 1,718.75.

In other news, insider David Roberts bought 41,300 shares of the business’s stock in a transaction on Monday, December 18th. The shares were bought at an average cost of GBX 486 ($6.81) per share, for a total transaction of £200,718 ($281,432.98).

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About Beazley

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.

Analyst Recommendations for Beazley (LON:BEZ)

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