UBS Group restated their buy rating on shares of Beazley (LON:BEZ) in a research report sent to investors on Tuesday, ThisIsMoney.Co.Uk reports.
Other research analysts have also recently issued reports about the company. Peel Hunt reissued a reduce rating on shares of Beazley in a research note on Tuesday. Morgan Stanley lowered their target price on Beazley from GBX 560 ($7.37) to GBX 505 ($6.64) and set an overweight rating for the company in a research note on Thursday, May 14th. Royal Bank of Canada decreased their price target on Beazley from GBX 525 ($6.91) to GBX 450 ($5.92) and set an outperform rating for the company in a report on Thursday, April 23rd. Goldman Sachs Group reaffirmed a neutral rating on shares of Beazley in a report on Monday, April 27th. Finally, Jefferies Financial Group reaffirmed a buy rating and set a GBX 575 ($7.56) price target on shares of Beazley in a report on Thursday, April 30th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the stock. Beazley has a consensus rating of Hold and an average target price of GBX 504.18 ($6.63).
BEZ opened at GBX 371 ($4.88) on Tuesday. Beazley has a 12 month low of GBX 294.20 ($3.87) and a 12 month high of GBX 634 ($8.34). The stock has a market capitalization of $1.97 billion and a price-to-earnings ratio of 8.43. The company has a debt-to-equity ratio of 36.56, a current ratio of 1.25 and a quick ratio of 1.04. The business has a fifty day moving average price of GBX 370.20 and a 200 day moving average price of GBX 487.66.
In other news, insider Sally Lake bought 5,000 shares of Beazley stock in a transaction dated Tuesday, March 17th. The stock was acquired at an average cost of GBX 375 ($4.93) per share, with a total value of £18,750 ($24,664.56).
Beazley Company Profile
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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