Beazley (LON:BEZ) Stock Price Passes Above 200 Day Moving Average – Here’s What Happened

Beazley plc (LON:BEZ) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 887.85 and traded as high as GBX 894. Beazley shares last traded at GBX 867, with a volume of 2,774,383 shares trading hands.

Analysts Set New Price Targets

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

Beazley Stock Performance

The company has a market capitalization of £5.17 billion, a PE ratio of 5.78, a P/E/G ratio of 1.57 and a beta of 0.68. The stock has a 50 day moving average price of GBX 889.81 and a two-hundred day moving average price of GBX 887.85.

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.