Beazley (LON:BEZ) Shares Up 40.5% – Still a Buy?

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

Analysts Set New Price Targets

A number of analysts have recently commented on BEZ shares. Jefferies Financial Group lifted their price target on shares of 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 raised their target price on shares of Beazley from GBX 1,000 to GBX 1,100 and gave the stock an “outperform” rating in a report on Tuesday, October 14th. JPMorgan Chase & Co. cut their target price on shares of Beazley from GBX 1,050 to GBX 1,025 and set an “overweight” rating for the company in a research report on Wednesday, November 26th. Peel Hunt reissued an “add” rating and set a GBX 900 price target on shares of Beazley in a report on Tuesday, November 25th. Finally, Berenberg Bank dropped their price target on Beazley from GBX 1,150 to GBX 1,100 and set a “buy” rating on the stock in a research note on Wednesday, November 26th. Five research analysts have rated the stock with a Buy rating, According to MarketBeat, Beazley presently has an average rating of “Buy” and a consensus target price of GBX 1,033.

Beazley Stock Up 2.2%

The firm has a market capitalization of £6.78 billion, a PE ratio of 7.62, a PEG ratio of 1.57 and a beta of 0.68. The stock’s fifty day simple moving average is GBX 839.13 and its 200 day simple moving average is GBX 859.03.

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.