Beazley PLC (BEZ) Receives GBX 628 Consensus PT from Brokerages

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Beazley PLC (LON:BEZ) has been given a consensus recommendation of “Buy” by the ten brokerages that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, five have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is GBX 627 ($8.19).

BEZ has been the subject of a number of research reports. Jefferies Financial Group reduced their target price on shares of Beazley from GBX 680 ($8.89) to GBX 650 ($8.49) and set a “buy” rating for the company in a research report on Friday, February 15th. Peel Hunt raised their price objective on shares of Beazley from GBX 455 ($5.95) to GBX 490 ($6.40) and gave the stock a “reduce” rating in a report on Friday, March 1st. UBS Group cut their price objective on shares of Beazley from GBX 580 ($7.58) to GBX 550 ($7.19) and set a “neutral” rating for the company in a report on Thursday, January 3rd. Canaccord Genuity reaffirmed a “buy” rating and issued a GBX 610 ($7.97) price objective on shares of Beazley in a report on Monday, February 11th. Finally, Berenberg Bank cut their price objective on shares of Beazley from GBX 640 ($8.36) to GBX 622 ($8.13) and set a “buy” rating for the company in a report on Thursday.

In related news, insider Adrian Cox sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of GBX 506 ($6.61), for a total value of £15,180 ($19,835.36).

Shares of Beazley stock traded up GBX 7.50 ($0.10) on Wednesday, reaching GBX 547.50 ($7.15). 657,389 shares of the company traded hands, compared to its average volume of 2,070,000. Beazley has a 52 week low of GBX 484.20 ($6.33) and a 52 week high of GBX 621.50 ($8.12). The company has a market capitalization of $2.83 billion and a P/E ratio of 42.77. The company has a quick ratio of 1.03, a current ratio of 1.23 and a debt-to-equity ratio of 24.32.

The firm also recently disclosed a dividend, which was paid on Wednesday, March 27th. Investors of record on Thursday, February 28th were issued a GBX 7.80 ($0.10) dividend. The ex-dividend date of this dividend was Thursday, February 28th. This is an increase from Beazley’s previous dividend of $3.90. This represents a yield of 1.5%. Beazley’s dividend payout ratio (DPR) is 0.94%.

About Beazley

Beazley plc provides risk insurance and reinsurance solutions worldwide. The company's Marine segment underwrites various marine classes, including hull, energy, cargo and specie, piracy, satellite, aviation, kidnap and ransom, and war risks. Its Political, Accident & Contingency segment underwrites terrorism, political violence, expropriation, and credit risks, as well as contingency and risks associated with contract frustration.

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Analyst Recommendations for Beazley (LON:BEZ)

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