Beazley (LON:BEZ) Stock Price Up 40.5% – Here’s Why

Beazley plc (LON:BEZ) shares shot up 40.5% during trading on Monday . The company traded as high as GBX 1,195 and last traded at GBX 1,152.45. 15,440,655 shares traded hands during trading, an increase of 107% from the average session volume of 7,449,580 shares. The stock had previously closed at GBX 820.

Analyst Upgrades and Downgrades

BEZ has been the subject of several research analyst reports. Berenberg Bank lowered their price objective on Beazley from GBX 1,150 to GBX 1,100 and set a “buy” rating for the company in a research report on Wednesday, November 26th. Jefferies Financial Group raised their target price on Beazley from GBX 1,000 to GBX 1,040 and gave the stock a “buy” rating in a research note on Wednesday, November 12th. Royal Bank Of Canada boosted their price target on Beazley from GBX 1,000 to GBX 1,100 and gave the company an “outperform” rating in a research note on Tuesday, October 14th. JPMorgan Chase & Co. cut their price target on Beazley from GBX 1,050 to GBX 1,025 and set an “overweight” rating on the stock in a report on Wednesday, November 26th. Finally, Peel Hunt reiterated an “add” rating and issued a GBX 900 price objective on shares of Beazley in a research note on Tuesday, November 25th. Five investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Beazley presently has a consensus rating of “Buy” and a consensus price target of GBX 1,033.

Beazley Trading Up 2.3%

The business has a 50-day moving average of GBX 839.13 and a 200 day moving average of GBX 859.03. The firm has a market capitalization of £6.79 billion, a P/E ratio of 7.63, a price-to-earnings-growth ratio of 1.57 and a beta of 0.68.

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. The Digital segment underwrites various marine, contingency, and SME liability risks through digital channels, such as e-trading platforms and broker portals. The MAP Risks segment underwrites marine, portfolio underwriting and political, and contingency business.