Beazley (LON:BEZ) had its target price reduced by Royal Bank of Canada from GBX 700 ($9.15) to GBX 675 ($8.82) in a research report sent to investors on Friday morning, ThisIsMoney.Co.Uk reports. Royal Bank of Canada currently has a top pick rating on the stock.
Other research analysts also recently issued research reports about the stock. UBS Group boosted their price objective on shares of Crowdstrike from $90.00 to $100.00 and gave the stock an outperform rating in a report on Friday. They noted that the move was a valuation call. Numis Securities restated a buy rating and set a GBX 1,800 ($23.52) price objective on shares of in a report on Monday, June 3rd. Jefferies Financial Group restated a buy rating and set a GBX 1,453 ($18.99) price objective on shares of in a report on Tuesday, June 18th. Morgan Stanley restated an overweight rating and set a GBX 460 ($6.01) price objective on shares of Sophos Group in a report on Friday, May 17th. Finally, Peel Hunt restated a reduce rating on shares of Plus500 in a report on Wednesday, July 17th. One research analyst has rated the stock with a sell rating, two have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of Buy and an average target price of GBX 608.38 ($7.95).
Shares of BEZ opened at GBX 549.50 ($7.18) on Friday. The company has a market cap of $2.91 billion and a P/E ratio of 42.93. Beazley has a one year low of GBX 486.60 ($6.36) and a one year high of GBX 604.50 ($7.90). The company has a quick ratio of 1.03, a current ratio of 1.23 and a debt-to-equity ratio of 24.32. The stock has a fifty day moving average price of GBX 558.94.
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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