Beazley (LON:BEZ) Lifted to Buy at UBS Group

UBS Group upgraded shares of Beazley (LON:BEZ) to a buy rating in a research note published on Monday, ThisIsMoney.Co.Uk reports. UBS Group currently has GBX 635 ($8.30) price objective on the stock, up from their previous price objective of GBX 575 ($7.51).

Other research analysts have also issued research reports about the stock. Shore Capital reiterated a buy rating on shares of Beazley in a report on Tuesday, July 23rd. JPMorgan Chase & Co. raised their price objective on shares of Beazley from GBX 620 ($8.10) to GBX 665 ($8.69) and gave the company an overweight rating in a report on Wednesday, July 24th. Jefferies Financial Group raised their price objective on shares of Beazley from GBX 650 ($8.49) to GBX 655 ($8.56) and gave the company a buy rating in a report on Tuesday, June 18th. Berenberg Bank dropped their price objective on shares of Beazley from GBX 629 ($8.22) to GBX 616 ($8.05) and set a buy rating for the company in a report on Wednesday, June 12th. Finally, Numis Securities reiterated an add rating on shares of Beazley in a report on Monday, June 3rd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of Buy and an average target price of GBX 620.88 ($8.11).

Shares of LON BEZ opened at GBX 592 ($7.74) on Monday. The company has a 50 day simple moving average of GBX 562.96 and a 200 day simple moving average of GBX 548.36. The firm has a market cap of $3.14 billion and a PE ratio of 19.54. Beazley has a 1 year low of GBX 486.60 ($6.36) and a 1 year high of GBX 604.50 ($7.90). The company has a debt-to-equity ratio of 25.45, a current ratio of 13.44 and a quick ratio of 11.23.

The company also recently declared a dividend, which will be paid on Thursday, August 29th. Shareholders of record on Thursday, August 1st will be issued a dividend of GBX 4.10 ($0.05) per share. The ex-dividend date of this dividend is Thursday, August 1st. This represents a yield of 0.74%. Beazley’s payout ratio is 0.40%.

In other news, insider Adrian Cox purchased 6,742 shares of the stock in a transaction on Tuesday, July 23rd. The stock was purchased at an average price of GBX 267 ($3.49) per share, for a total transaction of £18,001.14 ($23,521.68).

Beazley Company Profile

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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Analyst Recommendations for Beazley (LON:BEZ)

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