Beazley (LON:BEZ) had its price target decreased by JPMorgan Chase & Co. from GBX 665 ($8.69) to GBX 630 ($8.23) in a report published on Monday, ThisIsMoney.Co.Uk reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

Several other brokerages have also commented on BEZ. Jefferies Financial Group raised their price target on shares of Beazley from GBX 650 ($8.49) to GBX 655 ($8.56) and gave the company a buy rating in a research note on Tuesday, June 18th. Berenberg Bank dropped their price target on shares of Beazley from GBX 629 ($8.22) to GBX 616 ($8.05) and set a buy rating on the stock in a research note on Wednesday, June 12th. Shore Capital restated a buy rating on shares of Beazley in a research note on Tuesday, July 23rd. Numis Securities restated an add rating on shares of Beazley in a research note on Monday, June 3rd. Finally, Royal Bank of Canada decreased their price objective on shares of Beazley from GBX 700 ($9.15) to GBX 675 ($8.82) and set a top pick rating for the company in a report on Friday, July 19th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of Buy and a consensus price target of GBX 618.38 ($8.08).

Shares of LON:BEZ opened at GBX 593.50 ($7.76) on Monday. The firm’s 50 day moving average is GBX 582.45 and its two-hundred day moving average is GBX 558.19. Beazley has a 52 week low of GBX 486.60 ($6.36) and a 52 week high of GBX 612.50 ($8.00). The firm has a market capitalization of $3.14 billion and a P/E ratio of 19.59. The company has a current ratio of 13.44, a quick ratio of 11.23 and a debt-to-equity ratio of 25.45.

The business also recently disclosed a dividend, which was paid on Thursday, August 29th. Stockholders of record on Thursday, August 1st were issued a GBX 4.10 ($0.05) dividend. This represents a dividend yield of 0.74%. The ex-dividend date of this dividend was Thursday, August 1st. Beazley’s dividend payout ratio (DPR) is presently 0.40%.

In related news, insider Adrian Cox acquired 6,742 shares of the firm’s stock in a transaction dated Tuesday, July 23rd. The stock was acquired at an average cost of GBX 267 ($3.49) per share, for a total transaction of £18,001.14 ($23,521.68).

Beazley Company Profile

Beazley plc provides risk insurance and reinsurance solutions worldwide. The company's Marine segment underwrites various marine classes, including hull, energy, cargo and specie, piracy, satellite, aviation, kidnap and ransom, and war risks. Its Political, Accident & Contingency segment underwrites terrorism, political violence, expropriation, and credit risks, as well as contingency and risks associated with contract frustration.

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Analyst Recommendations for Beazley (LON:BEZ)

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