Beazley (LON:BEZ) Sets New 52-Week High at $702.00

Beazley plc (LON:BEZ) reached a new 52-week high during trading on Thursday . The company traded as high as GBX 702 ($8.92) and last traded at GBX 700 ($8.89), with a volume of 4557012 shares trading hands. The stock had previously closed at GBX 696.50 ($8.85).

Analyst Ratings Changes

A number of research firms have recently commented on BEZ. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 975 ($12.39) price objective on shares of Beazley in a research note on Wednesday, May 29th. Royal Bank of Canada increased their target price on shares of Beazley from GBX 975 ($12.39) to GBX 1,000 ($12.71) and gave the stock an “outperform” rating in a research report on Tuesday, April 30th. Barclays increased their target price on shares of Beazley from GBX 910 ($11.56) to GBX 920 ($11.69) and gave the stock an “overweight” rating in a research report on Friday, May 3rd. JPMorgan Chase & Co. increased their target price on shares of Beazley from GBX 770 ($9.78) to GBX 870 ($11.05) and gave the stock an “overweight” rating in a research report on Tuesday, April 30th. Finally, Berenberg Bank reissued a “buy” rating and set a GBX 880 ($11.18) target price on shares of Beazley in a research report on Thursday, March 7th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of GBX 929 ($11.80).

Beazley Price Performance

The company has a quick ratio of 6.45, a current ratio of 20.77 and a debt-to-equity ratio of 16.26. The company has a market capitalization of £4.54 billion, a P/E ratio of 584.03, a PEG ratio of 1.57 and a beta of 0.67. The business has a 50 day simple moving average of GBX 667.72 and a 200-day simple moving average of GBX 615.87.

Insider Buying and Selling at Beazley

In other news, insider Sally Lake sold 7,500 shares of the firm’s stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of GBX 671 ($8.53), for a total transaction of £50,325 ($63,945.36). 2.11% 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.