Peel Hunt Reiterates “Reduce” Rating for Beazley PLC (BEZ)

Beazley PLC (LON:BEZ)‘s stock had its “reduce” rating reaffirmed by equities research analysts at Peel Hunt in a report released on Thursday. They presently have a GBX 320 ($4.21) target price on the stock. Peel Hunt’s price target would suggest a potential downside of 37.26% from the stock’s current price.

A number of other equities research analysts also recently issued reports on BEZ. Shore Capital restated a “buy” rating on shares of Beazley PLC in a research report on Thursday. J P Morgan Chase & Co restated an “overweight” rating on shares of Beazley PLC in a research report on Wednesday. Numis Securities Ltd downgraded Beazley PLC to a “hold” rating in a research report on Thursday, October 5th. Finally, Credit Suisse Group began coverage on Beazley PLC in a research report on Tuesday, July 18th. They set an “outperform” rating on the stock. Two analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of GBX 373.75 ($4.92).

Shares of Beazley PLC (LON BEZ) traded up GBX 10.05 ($0.13) during mid-day trading on Thursday, reaching GBX 510.05 ($6.71). The company’s stock had a trading volume of 1,170,000 shares, compared to its average volume of 1,740,000. Beazley PLC has a fifty-two week low of GBX 366.40 ($4.82) and a fifty-two week high of GBX 527.50 ($6.94).

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In related news, insider Adrian Cox sold 90,004 shares of the stock in a transaction that occurred on Monday, October 16th. The stock was sold at an average price of GBX 500 ($6.58), for a total value of £450,020 ($591,897.94).

About Beazley PLC

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