Beazley (LON:BEZ) Trading 40.5% Higher – Still a Buy?

Beazley plc (LON:BEZ) shares traded up 40.5% on Monday . The company traded as high as GBX 1,195 and last traded at GBX 1,152.45. 15,440,655 shares traded hands during trading, an increase of 107% from the average session volume of 7,449,580 shares. The stock had previously closed at GBX 820.

Key Stories Impacting Beazley

Here are the key news stories impacting Beazley this week:

• Positive Sentiment: Takeover interest raises chance of a takeover premium or renewed, improved offers, which could push BEZ’s valuation above current trading levels. Beazley Rejects Initial Zurich Approach as Takeover Talks Loom
• Neutral Sentiment: Announcement increases near‑term volume and volatility; the move may attract activist or rival bidders but also could simply be preliminary talk that does not lead to a deal. Beazley Rejects Initial Zurich Approach as Takeover Talks Loom
• Negative Sentiment: Rejection of the initial bid signals the offer was too low; until a firm, attractive proposal emerges there is uncertainty that could weigh on the stock and prompt short‑term trading swings. Beazley Rejects Initial Zurich Approach as Takeover Talks Loom

Analysts Set New Price Targets

BEZ has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. decreased their price objective on shares of Beazley from GBX 1,050 to GBX 1,025 and set an “overweight” rating for the company in a research report on Wednesday, November 26th. Jefferies Financial Group upped their target price on shares of Beazley from GBX 1,000 to GBX 1,040 and gave the company a “buy” rating in a report on Wednesday, November 12th. Peel Hunt reiterated an “add” rating and set a GBX 900 price target on shares of Beazley in a report on Tuesday, November 25th. Royal Bank Of Canada boosted their price target on Beazley from GBX 1,000 to GBX 1,100 and gave the stock an “outperform” rating in a research report on Tuesday, October 14th. Finally, Berenberg Bank dropped their price objective on Beazley from GBX 1,150 to GBX 1,100 and set a “buy” rating on the stock in a research note on Wednesday, November 26th. Five analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of GBX 1,033.

Beazley Trading Up 40.5%

The business’s 50 day moving average price is GBX 834.24 and its 200-day moving average price is GBX 857.33. The company has a market cap of £6.79 billion, a price-to-earnings ratio of 7.63, a PEG ratio of 1.57 and a beta of 0.68.

About Beazley

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. The Digital segment underwrites various marine, contingency, and SME liability risks through digital channels, such as e-trading platforms and broker portals. The MAP Risks segment underwrites marine, portfolio underwriting and political, and contingency business.