Beazley (LON:BEZ) Given New GBX 1,040 Price Target at Jefferies Financial Group

Beazley (LON:BEZ) had its price target lifted by equities researchers at Jefferies Financial Group from GBX 1,000 to GBX 1,040 in a note issued to investors on Wednesday,London Stock Exchange reports. The firm presently has a “buy” rating on the stock. Jefferies Financial Group’s target price suggests a potential upside of 14.92% from the stock’s previous close.

Several other equities analysts have also commented on BEZ. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Beazley in a research report on Thursday, October 23rd. Royal Bank Of Canada boosted their price target on Beazley from GBX 1,000 to GBX 1,100 and gave the company an “outperform” rating in a report on Tuesday, October 14th. Finally, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 1,150 target price on shares of Beazley in a research report on Monday, October 6th. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Beazley has an average rating of “Buy” and a consensus target price of GBX 1,096.67.

Beazley Stock Performance

Shares of Beazley stock remained flat at GBX 905 on Wednesday. 1,370,640 shares of the stock were exchanged, compared to its average volume of 5,438,699. The stock’s 50-day moving average price is GBX 876.79 and its 200 day moving average price is GBX 887.25. Beazley has a 52-week low of GBX 728 and a 52-week high of GBX 983.50. The stock has a market capitalization of £5.36 billion, a P/E ratio of 5.99, a P/E/G ratio of 1.57 and a beta of 0.68.

Insider Activity

In other news, insider John Reizenstein purchased 5,089 shares of the company’s stock in a transaction dated Thursday, August 14th. The shares were purchased at an average cost of GBX 786 per share, for a total transaction of £39,999.54. Also, insider Robert A. Stuchbery acquired 6,400 shares of the business’s stock in a transaction that occurred on Friday, August 15th. The stock was purchased at an average cost of GBX 785 per share, with a total value of £50,240. Insiders have bought 35,561 shares of company stock valued at $27,716,546 in the last ninety days. 1.68% of the stock is currently owned by company insiders.

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.