Peel Hunt Reiterates “Reduce” Rating for Beazley (BEZ)
A number of other equities analysts have also recently issued reports on the stock. Royal Bank of Canada reiterated a top pick rating on shares of Beazley in a research report on Friday, February 1st. UBS Group lowered 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 research report on Thursday, January 3rd. Canaccord Genuity reiterated a buy rating and set a GBX 610 ($7.97) price objective on shares of Beazley in a research report on Monday, February 11th. Credit Suisse Group reiterated an outperform rating on shares of Beazley in a research report on Thursday, November 15th. Finally, Shore Capital reiterated an under review rating on shares of Beazley in a research report on Thursday, December 6th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. Beazley presently has a consensus rating of Buy and a consensus target price of GBX 586 ($7.66).
Shares of Beazley stock opened at GBX 526.50 ($6.88) on Wednesday. The company has a market cap of $2.76 billion and a PE ratio of 41.13. Beazley has a 1-year low of GBX 484.20 ($6.33) and a 1-year high of GBX 621.50 ($8.12). The company has a quick ratio of 1.03, a current ratio of 1.23 and a debt-to-equity ratio of 24.32.
In related news, insider Adrian Cox sold 5,604 shares of the company’s stock in a transaction that occurred on Wednesday, February 13th. The shares were sold at an average price of GBX 505 ($6.60), for a total transaction of £28,300.20 ($36,979.22).
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.
Read More: Net Margin
Receive News & Ratings for Beazley Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Beazley and related companies with MarketBeat.com's FREE daily email newsletter.