Beazley (LON:BEZ) Rating Lowered to Hold at Jefferies Financial Group

Beazley (LON:BEZ) was downgraded by equities research analysts at Jefferies Financial Group to a “hold” rating in a report released on Thursday, Stock Target Advisor reports. They presently have a GBX 611 ($8.04) price objective on the stock, down from their prior price objective of GBX 616 ($8.10). Jefferies Financial Group’s target price points to a potential upside of 5.34% from the stock’s current price.

BEZ has been the subject of several other reports. Royal Bank of Canada lifted their target price on Beazley from GBX 600 ($7.89) to GBX 675 ($8.88) and gave the company an “outperform” rating in a research note on Tuesday, January 21st. Canaccord Genuity reissued a “hold” rating and issued a GBX 625 ($8.22) target price on shares of Beazley in a research note on Monday, November 11th. Shore Capital reissued a “buy” rating on shares of Beazley in a research note on Friday, November 8th. UBS Group lifted their target price on Beazley from GBX 630 ($8.29) to GBX 650 ($8.55) and gave the company a “buy” rating in a research note on Friday, February 7th. Finally, Goldman Sachs Group assumed coverage on Beazley in a research note on Monday, February 3rd. They issued a “neutral” rating and a GBX 555 ($7.30) target price for the company. One analyst has rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of GBX 591.20 ($7.78).

LON BEZ opened at GBX 580 ($7.63) on Thursday. The stock has a fifty day moving average of GBX 552.80 and a 200-day moving average of GBX 570.19. The stock has a market capitalization of $3.07 billion and a P/E ratio of 13.18. Beazley has a 52 week low of GBX 499.40 ($6.57) and a 52 week high of GBX 634 ($8.34). The company has a debt-to-equity ratio of 36.56, a quick ratio of 1.04 and a current ratio of 1.25.

In related news, insider Sally Lake acquired 1,888 shares of the firm’s stock in a transaction that occurred on Wednesday, December 4th. The stock was acquired at an average cost of GBX 534 ($7.02) per share, with a total value of £10,081.92 ($13,262.19). Also, insider Adrian Cox sold 35,836 shares of Beazley stock in a transaction on Monday, February 10th. The stock was sold at an average price of GBX 599 ($7.88), for a total value of £214,657.64 ($282,369.96). Over the last ninety days, insiders have purchased 43,188 shares of company stock valued at $23,566,692.

About Beazley

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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