Beazley’s (BEZ) “Reduce” Rating Reaffirmed at Peel Hunt
Peel Hunt reaffirmed their reduce rating on shares of Beazley (LON:BEZ) in a report issued on Thursday, ThisIsMoney.Co.Uk reports.
Other research analysts have also issued research reports about the company. Shore Capital restated a buy rating on shares of Beazley in a report on Friday, November 8th. Jefferies Financial Group dropped their target price on shares of Beazley from GBX 665 ($8.75) to GBX 616 ($8.10) and set a buy rating for the company in a report on Thursday, November 28th. Canaccord Genuity reiterated a hold rating and issued a GBX 625 ($8.22) target price on shares of Beazley in a research report on Monday, November 11th. UBS Group reissued a buy rating on shares of Beazley in a research note on Thursday. Finally, Morgan Stanley decreased their price target on shares of Beazley from GBX 690 ($9.08) to GBX 660 ($8.68) and set an overweight rating on the stock in a research note on Monday, December 2nd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the stock. The stock has an average rating of Buy and an average price target of GBX 586.33 ($7.71).
LON BEZ opened at GBX 533.50 ($7.02) on Thursday. The business has a fifty day moving average price of GBX 543.78 and a 200 day moving average price of GBX 570.63. Beazley has a one year low of GBX 486.60 ($6.40) and a one year high of GBX 634 ($8.34). 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 cap of $2.83 billion and a P/E ratio of 17.61.
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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