Analysts Set Beazley PLC (LON:BEZ) Price Target at $632.43

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Beazley PLC (LON:BEZ) has been given an average recommendation of “Buy” by the eleven ratings firms that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is GBX 632.43 ($8.26).

A number of research firms have recently commented on BEZ. Numis Securities restated a “hold” rating on shares of Beazley in a report on Wednesday, May 1st. UBS Group reiterated a “neutral” rating on shares of Beazley in a report on Friday, May 3rd. Jefferies Financial Group raised their target price on Beazley from GBX 650 ($8.49) to GBX 655 ($8.56) and gave the company a “buy” rating in a report on Tuesday, June 18th. Peel Hunt reiterated a “reduce” rating on shares of Beazley in a report on Tuesday, June 18th. Finally, Berenberg Bank dropped their target price on Beazley from GBX 629 ($8.22) to GBX 616 ($8.05) and set a “buy” rating on the stock in a report on Wednesday, June 12th.

Beazley stock opened at GBX 537 ($7.02) on Monday. The stock has a 50-day moving average price of GBX 558.08. The stock has a market cap of $2.83 billion and a P/E ratio of 41.95. The company has a current ratio of 1.23, a quick ratio of 1.03 and a debt-to-equity ratio of 24.32. Beazley has a 12 month low of GBX 484.20 ($6.33) and a 12 month high of GBX 604.50 ($7.90).

In related news, insider John Reizenstein bought 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 17th. The shares were acquired at an average cost of GBX 559 ($7.30) per share, for a total transaction of £55,900 ($73,043.25).

Beazley Company Profile

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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