Beazley (BEZ) Stock Rating Reaffirmed by Shore Capital
Several other research analysts have also recently weighed in on the stock. JPMorgan Chase & Co. reiterated an overweight rating on shares of Beazley in a research note on Thursday, January 18th. Peel Hunt reiterated a reduce rating and set a GBX 320 ($4.49) price target on shares of Beazley in a research note on Thursday, November 9th. Berenberg Bank started coverage on shares of Beazley in a research note on Wednesday, December 13th. They set a hold rating on the stock. Finally, Numis Securities reiterated a hold rating on shares of Beazley in a research note on Friday, January 19th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus price target of GBX 372.50 ($5.22).
Beazley (BEZ) opened at GBX 550 ($7.71) on Thursday. The firm has a market cap of $2,870.00 and a price-to-earnings ratio of 1,718.75. Beazley has a one year low of GBX 418.20 ($5.86) and a one year high of GBX 568.50 ($7.97).
In other news, insider David Roberts bought 41,300 shares of the stock in a transaction that occurred on Monday, December 18th. The shares were bought at an average price of GBX 486 ($6.81) per share, for a total transaction of £200,718 ($281,432.98).
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Beazley plc is a holding company for the Beazley group, which is engaged in the specialist risk insurance and reinsurance business. The Company’s segments include Life, accident & health, which underwrites life, health, personal accident, sports and income protection risks; Marine, which underwrites a range of marine classes, including hull, satellite, aviation and war risks; Political risks & contingency, which underwrites terrorism, political violence, expropriation and credit risks, as well as contingency and risks associated with contract frustration; Property, which underwrites commercial, homeowner’s, and construction and engineering property insurance; Reinsurance, which specializes in writing property catastrophe, casualty clash, aggregate excess of loss and pro-rata business, and Specialty lines, which underwrites professional liability, management liability and environmental liability, including architects and engineers, healthcare, technology and business services.
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