Beazley (LON:BEZ – Get Free Report) had its target price upped by stock analysts at Royal Bank of Canada from GBX 975 ($12.25) to GBX 1,000 ($12.56) in a report released on Tuesday, Digital Look reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank of Canada’s target price suggests a potential upside of 50.83% from the stock’s current price.
Several other equities research analysts have also recently issued reports on BEZ. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Beazley in a research note on Tuesday, April 9th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 880 ($11.05) price objective on shares of Beazley in a research report on Thursday, March 7th. Five analysts have rated the stock with a buy rating, According to MarketBeat, Beazley presently has a consensus rating of “Buy” and an average price target of GBX 874 ($10.98).
Check Out Our Latest Stock Analysis on BEZ
Beazley Price Performance
Insiders Place Their Bets
In other news, insider Sally Lake sold 7,500 shares of the company’s stock in a transaction dated Wednesday, April 3rd. The shares were sold at an average price of GBX 671 ($8.43), for a total value of £50,325 ($63,214.42). In other Beazley news, insider Adrian Cox sold 26,323 shares of the company’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of GBX 646 ($8.11), for a total transaction of £170,046.58 ($213,599.52). Also, insider Sally Lake sold 7,500 shares of the firm’s stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of GBX 671 ($8.43), for a total transaction of £50,325 ($63,214.42). 2.20% of the stock is currently owned by insiders.
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.
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