Beazley (LON:BEZ) had its price objective lowered by stock analysts at Royal Bank of Canada from GBX 700 ($9.15) to GBX 675 ($8.82) in a report released on Friday, ThisIsMoney.Co.Uk reports. The brokerage currently has a “top pick” rating on the stock. Royal Bank of Canada’s price objective would indicate a potential upside of 22.84% from the stock’s previous close.
Other research analysts also recently issued reports about the company. Jefferies Financial Group reiterated a “buy” rating and set a GBX 1,453 ($18.99) target price on shares of in a research report on Tuesday, June 18th. Berenberg Bank reiterated a “hold” rating and set a GBX 285 ($3.72) target price on shares of in a research report on Wednesday, June 12th. Peel Hunt reiterated a “reduce” rating on shares of Plus500 in a research report on Wednesday. Numis Securities reiterated a “buy” rating and set a GBX 1,800 ($23.52) target price on shares of in a research report on Monday, June 3rd. Finally, Morgan Stanley reiterated an “overweight” rating and set a GBX 460 ($6.01) target price on shares of Sophos Group in a research report on Friday, May 17th. One research analyst has rated the stock with a sell rating, two have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of GBX 608.38 ($7.95).
LON BEZ opened at GBX 549.50 ($7.18) on Friday. The company has a quick ratio of 1.03, a current ratio of 1.23 and a debt-to-equity ratio of 24.32. The company has a market cap of $2.91 billion and a P/E ratio of 42.93. Beazley has a one year low of GBX 484.20 ($6.33) and a one year high of GBX 604.50 ($7.90). The firm’s 50 day moving average price is GBX 558.94.
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.
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