Beazley (LON:BEZ) Stock Price Crosses Above 200-Day Moving Average of $640.00

Posted by Matthew Steigler on Jul 28th, 2024

Beazley plc (LON:BEZ – Get Free Report)’s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 640 ($8.28) and traded as high as GBX 670 ($8.67). Beazley shares last traded at GBX 668.50 ($8.65), with a volume of 1,407,941 shares trading hands.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on BEZ. Barclays lifted their price objective on shares of Beazley from GBX 910 ($11.77) to GBX 920 ($11.90) and gave the company an “overweight” rating in a research note on Friday, May 3rd. Royal Bank of Canada lifted their price objective on shares of Beazley from GBX 975 ($12.61) to GBX 1,000 ($12.93) and gave the company an “outperform” rating in a research note on Tuesday, April 30th. JPMorgan Chase & Co. lifted their price objective on shares of Beazley from GBX 770 ($9.96) to GBX 870 ($11.25) and gave the company an “overweight” rating in a research note on Tuesday, April 30th. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a GBX 975 ($12.61) price objective on shares of Beazley in a research note on Wednesday, May 29th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of GBX 929 ($12.02).

Read Our Latest Research Report on Beazley

Beazley Stock Up 2.5 %

The firm has a market cap of £4.37 billion, a P/E ratio of 561.76, a price-to-earnings-growth ratio of 1.57 and a beta of 0.67. The stock’s 50 day simple moving average is GBX 674.86 and its 200 day simple moving average is GBX 640.79. The company has a debt-to-equity ratio of 16.26, a quick ratio of 6.45 and a current ratio of 20.77.

Beazley Company Profile

(Get Free Report)

Beazley plc provides risk insurance and reinsurance solutions in the United States, the United Kingdom, rest of Europe, and internationally. It operates through Cyber Risks, Digital, MAP Risks, Property Risks, and Specialty Risks segments. The Cyber Risk segment underwrites cyber and technology risks.