Beazley (LON:BEZ) Trading Up 39.7% – Here’s What Happened

Beazley plc (LON:BEZGet Free Report) was up 39.7% during trading on Monday . The company traded as high as GBX 1,195 and last traded at GBX 1,145.72. Approximately 103,183,063 shares were traded during trading, an increase of 599% from the average daily volume of 14,761,447 shares. The stock had previously closed at GBX 820.

Beazley News Summary

Here are the key news stories impacting Beazley this week:

Analyst Ratings Changes

Several equities analysts recently weighed in on BEZ shares. Jefferies Financial Group increased their price target on shares of Beazley from GBX 1,000 to GBX 1,040 and gave the company a “buy” rating in a research report on Wednesday, November 12th. Royal Bank Of Canada increased their target price on shares of Beazley from GBX 1,000 to GBX 1,100 and gave the company an “outperform” rating in a research report on Tuesday, October 14th. JPMorgan Chase & Co. decreased their price target on shares of Beazley from GBX 1,050 to GBX 1,025 and set an “overweight” rating for the company in a research note on Wednesday, November 26th. Berenberg Bank lowered their price target on shares of Beazley from GBX 1,150 to GBX 1,100 and set a “buy” rating on the stock in a report on Wednesday, November 26th. Finally, Peel Hunt reissued an “add” rating and set a GBX 900 price objective on shares of Beazley in a report on Tuesday, November 25th. Five analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and an average price target of GBX 1,033.

Check Out Our Latest Report on Beazley

Beazley Stock Up 2.2%

The stock has a market cap of £6.78 billion, a P/E ratio of 7.62, a price-to-earnings-growth ratio of 1.57 and a beta of 0.68. The business’s 50-day simple moving average is GBX 839.13 and its two-hundred day simple moving average is GBX 859.03.

Beazley Company Profile

(Get Free Report)

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.

Further Reading

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