Beazley (LON:BEZ) Trading Up 40.5% – Here’s Why

Beazley plc (LON:BEZ)’s stock price rose 40.5% during mid-day trading on Monday . The company traded as high as GBX 1,195 and last traded at GBX 1,152.45. Approximately 15,440,655 shares changed hands during mid-day trading, an increase of 107% from the average daily volume of 7,449,580 shares. The stock had previously closed at GBX 820.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on BEZ. Jefferies Financial Group raised their target price on Beazley from GBX 1,000 to GBX 1,040 and gave the company a “buy” rating in a report on Wednesday, November 12th. Berenberg Bank dropped their price objective on Beazley from GBX 1,150 to GBX 1,100 and set a “buy” rating for the company in a research report on Wednesday, November 26th. Royal Bank Of Canada lifted their target price on Beazley from GBX 1,000 to GBX 1,100 and gave the company an “outperform” rating in a research report on Tuesday, October 14th. Peel Hunt reissued an “add” rating and set a GBX 900 target price on shares of Beazley in a research note on Tuesday, November 25th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Beazley from GBX 1,050 to GBX 1,025 and set an “overweight” rating on the stock in a research note on Wednesday, November 26th. Five analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of “Buy” and an average target price of GBX 1,033.

Beazley Stock Performance

The firm has a market cap of £6.79 billion, a price-to-earnings ratio of 7.63, a PEG ratio of 1.57 and a beta of 0.68. The business has a fifty day simple moving average of GBX 839.13 and a 200-day simple moving average of GBX 859.03.

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. The Digital segment underwrites various marine, contingency, and SME liability risks through digital channels, such as e-trading platforms and broker portals. The MAP Risks segment underwrites marine, portfolio underwriting and political, and contingency business.