Beazley (LON:BEZ)‘s stock had its “reduce” rating reaffirmed by analysts at Peel Hunt in a report released on Thursday. They currently have a GBX 380 ($5.33) price objective on the stock. Peel Hunt’s price objective indicates a potential downside of 30.91% from the stock’s current price.
BEZ has been the topic of a number of other research reports. Numis Securities upgraded Beazley to an “add” rating in a report on Thursday. Shore Capital reaffirmed a “buy” rating on shares of Beazley in a research report on Thursday. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Beazley in a research report on Thursday, January 18th. Finally, Berenberg Bank began coverage on Beazley in a report on Wednesday, December 13th. They set a “hold” rating for the company. Two 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 currently has an average rating of “Hold” and a consensus price target of GBX 372.50 ($5.22).
Shares of Beazley (LON:BEZ) traded down GBX 10.50 ($0.15) during mid-day trading on Thursday, hitting GBX 550 ($7.71). The company had a trading volume of 6,650,000 shares, compared to its average volume of 1,260,000. Beazley has a twelve month low of GBX 418.20 ($5.86) and a twelve month high of GBX 568.50 ($7.97). The company has a market cap of $2,870.00 and a P/E ratio of 1,718.75.
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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