Beazley (LON:BEZ) Price Target Cut to GBX 1,100 by Analysts at Berenberg Bank

Beazley (LON:BEZ) had its price target cut by investment analysts at Berenberg Bank from GBX 1,150 to GBX 1,100 in a report released on Wednesday,London Stock Exchange reports. The firm currently has a “buy” rating on the stock. Berenberg Bank’s price target would indicate a potential upside of 37.84% from the company’s current price.

Several other equities research analysts have also recently issued reports on the stock. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Beazley in a research report on Thursday, October 23rd. Jefferies Financial Group upped their price objective on Beazley from GBX 1,000 to GBX 1,040 and gave the company a “buy” rating in a research note on Wednesday, November 12th. Peel Hunt reissued an “add” rating and issued a GBX 900 price objective on shares of Beazley in a research note on Tuesday. Finally, Royal Bank Of Canada lifted their price objective on Beazley from GBX 1,000 to GBX 1,100 and gave the company an “outperform” rating in a report on Tuesday, October 14th. Five investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of GBX 1,033.

Beazley Stock Up 2.2%

LON BEZ traded up GBX 17 during trading on Wednesday, hitting GBX 798. The stock had a trading volume of 4,327,077 shares, compared to its average volume of 5,672,262. Beazley has a twelve month low of GBX 750 and a twelve month high of GBX 983.50. The company has a market capitalization of £4.73 billion, a PE ratio of 5.28, a PEG ratio of 1.57 and a beta of 0.68. The firm has a 50 day moving average price of GBX 891.65 and a 200 day moving average price of GBX 886.40.

Beazley Company Profile

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.