Peel Hunt Reaffirms “Reduce” Rating for Beazley (LON:BEZ)
Peel Hunt reissued their reduce rating on shares of Beazley (LON:BEZ) in a research note issued to investors on Thursday morning, ThisIsMoney.Co.Uk reports.
A number of other research firms also recently commented on BEZ. Royal Bank of Canada cut their target price on shares of Beazley from GBX 700 ($9.15) to GBX 675 ($8.82) and set a top pick rating on the stock in a research report on Friday, July 19th. Jefferies Financial Group raised their target price on shares of Beazley from GBX 650 ($8.49) to GBX 655 ($8.56) and gave the company a buy rating in a research report on Tuesday, June 18th. Shore Capital reissued a buy rating on shares of Beazley in a research report on Tuesday, July 23rd. UBS Group raised shares of Beazley to a buy rating and raised their target price for the company from GBX 635 ($8.30) to GBX 650 ($8.49) in a research report on Monday, September 2nd. Finally, Berenberg Bank lowered 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 report on Wednesday, June 12th. One analyst has rated the stock with a sell rating, one has given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of Buy and an average target price of GBX 618.38 ($8.08).
LON BEZ opened at GBX 606 ($7.92) on Thursday. The company has a debt-to-equity ratio of 25.45, a quick ratio of 11.23 and a current ratio of 13.44. The company has a market capitalization of $3.21 billion and a price-to-earnings ratio of 20.00. The company’s 50-day simple moving average is GBX 583.42 and its two-hundred day simple moving average is GBX 558.72. Beazley has a one year low of GBX 486.60 ($6.36) and a one year high of GBX 612.50 ($8.00).
In other news, insider Adrian Cox purchased 6,742 shares of the stock in a transaction dated Tuesday, July 23rd. The shares were acquired at an average cost of GBX 267 ($3.49) per share, for a total transaction of £18,001.14 ($23,521.68).
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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