Beazley (LON:BEZ)‘s stock had its “add” rating restated by investment analysts at Numis Securities in a note issued to investors on Monday, June 3rd, ThisIsMoney.Co.Uk reports.
A number of other equities analysts have also commented on the stock. Peel Hunt reiterated a “reduce” rating on shares of Beazley in a report on Monday, February 4th. JPMorgan Chase & Co. cut their price objective on shares of Beazley from GBX 650 ($8.49) to GBX 620 ($8.10) and set an “overweight” rating on the stock in a report on Tuesday, February 5th. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 680 ($8.89) price objective on shares of Beazley in a research report on Wednesday, February 6th. Shore Capital reaffirmed an “under review” rating on shares of Beazley in a research report on Thursday, February 7th. Finally, Canaccord Genuity reaffirmed a “buy” rating and set a GBX 610 ($7.97) price objective on shares of Beazley in a research report on Monday, February 11th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. Beazley presently has an average rating of “Buy” and a consensus target price of GBX 614.63 ($8.03).
Shares of LON BEZ traded down GBX 1.50 ($0.02) during trading on Monday, hitting GBX 549.50 ($7.18). 1,837,989 shares of the company traded hands, compared to its average volume of 2,070,000. The company has a debt-to-equity ratio of 24.32, a current ratio of 1.23 and a quick ratio of 1.03. The company has a market cap of $2.89 billion and a price-to-earnings ratio of 42.93. The stock has a 50-day moving average of GBX 558.36. Beazley has a 1 year low of GBX 484.20 ($6.33) and a 1 year high of GBX 604.50 ($7.90).
In other Beazley news, insider John Reizenstein purchased 10,000 shares of the company’s stock in a transaction dated Wednesday, April 17th. The shares were bought at an average price of GBX 559 ($7.30) per share, for a total transaction of £55,900 ($73,043.25).
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.
Featured Article: What impact do institutional investors have on markets?
Receive News & Ratings for Beazley Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Beazley and related companies with MarketBeat.com's FREE daily email newsletter.