Beazley (LON:BEZ) Price Target Raised to GBX 950

Beazley (LON:BEZ) had its price objective hoisted by equities research analysts at Berenberg Bank from GBX 880 ($11.25) to GBX 950 ($12.14) in a research report issued to clients and investors on Thursday, Marketbeat reports. The brokerage presently has a “buy” rating on the stock. Berenberg Bank’s target price would suggest a potential upside of 32.04% from the company’s current price.

A number of other research analysts also recently issued reports on the company. Jefferies Financial Group reiterated a “buy” rating and set a GBX 975 ($12.46) price objective on shares of Beazley in a research note on Wednesday, May 29th. JPMorgan Chase & Co. increased their price objective on shares of Beazley from GBX 770 ($9.84) to GBX 870 ($11.12) and gave the stock an “overweight” rating in a research note on Tuesday, April 30th. Royal Bank of Canada lifted their target price on shares of Beazley from GBX 975 ($12.46) to GBX 1,000 ($12.78) and gave the company an “outperform” rating in a research note on Tuesday, April 30th. Finally, Barclays increased their price target on Beazley from GBX 910 ($11.63) to GBX 920 ($11.76) and gave the stock an “overweight” rating in a research note on Friday, May 3rd. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of GBX 943 ($12.05).

Beazley Stock Performance

BEZ stock traded up GBX 14 ($0.18) during midday trading on Thursday, reaching GBX 719.50 ($9.19). 10,721,358 shares of the company’s stock traded hands, compared to its average volume of 2,366,257. The stock’s 50-day moving average is GBX 672.45 and its 200 day moving average is GBX 648.81. The stock has a market cap of £4.70 billion, a P/E ratio of 605.88, a PEG ratio of 1.57 and a beta of 0.67. Beazley has a 52-week low of GBX 485.80 ($6.21) and a 52-week high of GBX 730.50 ($9.34). The company has a current ratio of 20.77, a quick ratio of 6.45 and a debt-to-equity ratio of 16.26.

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.