Beazley (BEZ) Stock Rating Reaffirmed by Peel Hunt

Beazley (LON:BEZ)‘s stock had its “reduce” rating reiterated by research analysts at Peel Hunt in a research report issued to clients and investors on Thursday. They presently have a GBX 320 ($4.28) price target on the stock. Peel Hunt’s target price would suggest a potential downside of 38.64% from the company’s previous close.

A number of other brokerages have also commented on BEZ. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Beazley in a research report on Tuesday, September 12th. Shore Capital reaffirmed a “buy” rating on shares of Beazley in a research report on Thursday, November 9th. Numis Securities lowered Beazley to a “hold” rating in a research report on Thursday, October 5th. Finally, Berenberg Bank initiated coverage on Beazley in a research report on Wednesday, December 13th. They issued a “hold” rating for the company. Two research analysts have rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of GBX 373.75 ($5.00).

Shares of Beazley (LON:BEZ) opened at GBX 521.50 ($6.97) on Thursday. Beazley has a 12-month low of GBX 378 ($5.05) and a 12-month high of GBX 541.50 ($7.24). The company has a market capitalization of $2,720.00 and a PE ratio of 1,629.69.

In related news, insider David Roberts purchased 41,300 shares of the business’s stock in a transaction on Monday, December 18th. The stock was acquired at an average price of GBX 486 ($6.50) per share, for a total transaction of £200,718 ($268,375.45). Also, insider Adrian Cox sold 90,004 shares of Beazley stock in a transaction dated Monday, October 16th. The shares were sold at an average price of GBX 500 ($6.69), for a total value of £450,020 ($601,711.46).

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