Beazley (LON:BEZ) Stock Price Passes Above 200-Day Moving Average – Here’s Why

Beazley plc (LON:BEZ)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 715.44 ($9.02) and traded as high as GBX 742 ($9.35). Beazley shares last traded at GBX 737 ($9.29), with a volume of 1,495,415 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank boosted their target price on Beazley from GBX 880 ($11.09) to GBX 950 ($11.97) and gave the stock a “buy” rating in a research report on Thursday, August 8th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of GBX 943 ($11.88).

Beazley Stock Performance

The stock’s 50 day moving average price is GBX 769.92 and its two-hundred day moving average price is GBX 715.44. The company has a current ratio of 21.78, a quick ratio of 6.45 and a debt-to-equity ratio of 14.99. The firm has a market capitalization of £4.63 billion, a price-to-earnings ratio of 497.97, a PEG ratio of 1.57 and a beta of 0.68.

Insider Buying and Selling

In related news, insider Fiona Muldoon purchased 10,000 shares of Beazley stock in a transaction dated Friday, September 27th. The stock was bought at an average cost of GBX 779 ($9.82) per share, for a total transaction of £77,900 ($98,172.65). 2.31% of the stock is owned by insiders.

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.