Beazley (LON:BEZ) Trading Up 40.7% – Still a Buy?

Beazley plc (LON:BEZ) was up 40.7% on Monday . The stock traded as high as GBX 1,195 and last traded at GBX 1,154. Approximately 105,366,867 shares traded hands during trading, an increase of 605% from the average daily volume of 14,943,431 shares. The stock had previously closed at GBX 820.

Wall Street Analyst Weigh In

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

Beazley Trading Up 40.9%

The business has a fifty day moving average of GBX 829.24 and a 200-day moving average of GBX 855.62. The firm has a market cap of £6.81 billion, a PE ratio of 7.65, 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.