Beazley (LON:BEZ) Stock Price Down 0.2% – Here’s Why

Beazley plc (LON:BEZ)’s share price was down 0.2% during mid-day trading on Tuesday . The stock traded as low as GBX 848 and last traded at GBX 860. Approximately 4,899,332 shares changed hands during trading, a decline of 14% from the average daily volume of 5,683,954 shares. The stock had previously closed at GBX 862.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on BEZ. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Beazley in a research report on Thursday, October 23rd. Berenberg Bank reaffirmed a “buy” rating and set a GBX 1,150 target price on shares of Beazley in a research note on Monday, October 6th. Jefferies Financial Group increased their price target on Beazley from GBX 1,000 to GBX 1,040 and gave the company a “buy” rating in a research note on Wednesday, November 12th. Finally, Royal Bank Of Canada raised their price objective on Beazley from GBX 1,000 to GBX 1,100 and gave the company an “outperform” rating in a report on Tuesday, October 14th. Four equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of GBX 1,096.67.

Beazley Stock Performance

The stock has a market cap of £4.60 billion, a PE ratio of 5.15, a P/E/G ratio of 1.57 and a beta of 0.68. The business has a 50 day moving average price of GBX 892.62 and a two-hundred day moving average price of GBX 887.13.

Beazley Company Profile

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.