Berenberg Bank Cuts Beazley (LON:BEZ) Price Target to GBX 1,100

Beazley (LON:BEZ) had its price target decreased by Berenberg Bank from GBX 1,150 to GBX 1,100 in a report issued on Wednesday, MarketBeat Ratings reports. Berenberg Bank currently has a buy rating on the stock.

Other research analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Beazley in a report on Thursday, October 23rd. Jefferies Financial Group lifted their price target on Beazley from GBX 1,000 to GBX 1,040 and gave the company a “buy” rating in a research note on Wednesday, November 12th. Royal Bank Of Canada upped their price target on Beazley from GBX 1,000 to GBX 1,100 and gave the stock an “outperform” rating in a report on Tuesday, October 14th. Finally, Peel Hunt reissued an “add” rating and issued a GBX 900 price objective on shares of Beazley in a report on Tuesday. Five investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of GBX 1,033.

Beazley Price Performance

Shares of Beazley stock opened at GBX 797.50 on Wednesday. The stock has a market cap of £4.72 billion, a PE ratio of 5.28, a price-to-earnings-growth ratio of 1.57 and a beta of 0.68. The firm has a fifty day moving average price of GBX 889.54 and a 200 day moving average price of GBX 884.69. Beazley has a 1 year low of GBX 750 and a 1 year high of GBX 983.50.

Beazley Company Profile

Beazley plc provides risk insurance and reinsurance solutions in the United States, the United Kingdom, rest of Europe, and internationally. It operates through Cyber Risks, Digital, MAP Risks, Property Risks, and Specialty Risks segments. The Cyber Risk segment underwrites cyber and technology risks.