Beazley (LON:BEZ) Given “Overweight” Rating at Peel Hunt

Peel Hunt restated their overweight rating on shares of Beazley (LON:BEZ) in a research note issued to investors on Tuesday morning, LSE.Co.UK reports. The firm currently has a GBX 450 ($5.88) price target on the stock.

A number of other equities research analysts also recently issued reports on BEZ. Canaccord Genuity reiterated a hold rating and issued a GBX 625 ($8.17) target price on shares of Beazley in a research report on Monday, November 11th. Shore Capital reiterated a buy rating on shares of Beazley in a research report on Friday, November 8th. Royal Bank of Canada cut their target price on shares of Beazley from GBX 700 ($9.15) to GBX 675 ($8.82) and set a top pick rating for the company in a research report on Friday, July 19th. Peel Hunt reiterated an overweight rating and issued a GBX 450 ($5.88) target price (down previously from GBX 460 ($6.01)) on shares of Beazley in a research report on Friday, November 8th. Finally, UBS Group cut their target price on shares of Beazley from GBX 650 ($8.49) to GBX 630 ($8.23) and set a buy rating for the company in a research report on Monday, November 11th. Two equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of Buy and an average price target of GBX 598 ($7.81).

BEZ stock opened at GBX 536 ($7.00) on Tuesday. Beazley has a 12-month low of GBX 486.60 ($6.36) and a 12-month high of GBX 634 ($8.28). The company has a quick ratio of 11.23, a current ratio of 13.44 and a debt-to-equity ratio of 25.45. The company has a market cap of $2.81 billion and a price-to-earnings ratio of 17.69. The company has a 50 day moving average of GBX 595 and a two-hundred day moving average of GBX 576.03.

In other Beazley news, insider David Roberts purchased 9,450 shares of the business’s stock in a transaction dated Wednesday, November 13th. The shares were acquired at an average price of GBX 532 ($6.95) per share, for a total transaction of £50,274 ($65,691.89).

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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