Beazley plc (LON:BEZ – Get Free Report)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 702.15 ($9.12) and traded as high as GBX 800 ($10.39). Beazley shares last traded at GBX 793 ($10.30), with a volume of 771,975 shares.
Analyst Upgrades and Downgrades
Separately, Berenberg Bank increased their price objective on shares of Beazley from GBX 880 ($11.43) to GBX 950 ($12.33) and gave the stock a “buy” rating in a research note on Thursday, August 8th. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of GBX 943 ($12.24).
Beazley Stock Performance
Insider Activity
In other news, insider Fiona Muldoon bought 10,000 shares of the company’s stock in a transaction dated Friday, September 27th. The shares were bought at an average cost of GBX 779 ($10.11) per share, with a total value of £77,900 ($101,142.56). 2.31% of the stock is owned by insiders.
About Beazley
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.
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