Beazley (BEZ) Downgraded by Numis Securities

Beazley (LON:BEZ) was downgraded by stock analysts at Numis Securities to a “hold” rating in a research report issued to clients and investors on Thursday, May 10th.

BEZ has been the topic of a number of other research reports. Peel Hunt boosted their price objective on Beazley from GBX 320 ($4.29) to GBX 380 ($5.10) and gave the stock a “reduce” rating in a research note on Friday, February 2nd. JPMorgan Chase & Co. restated an “overweight” rating on shares of Beazley in a research note on Thursday, January 18th. Finally, Shore Capital reiterated a “buy” rating on shares of Beazley in a research note on Wednesday, January 17th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of GBX 380 ($5.10).

Shares of Beazley remained flat at $GBX 603.50 ($8.10) during midday trading on Thursday, according to The company’s stock had a trading volume of 785,562 shares, compared to its average volume of 2,070,000. Beazley has a 12 month low of GBX 422.15 ($5.66) and a 12 month high of GBX 579 ($7.77).

In related news, insider Martin Bride sold 2,668 shares of the business’s stock in a transaction dated Tuesday, April 10th. The stock was sold at an average price of GBX 577 ($7.74), for a total value of £15,394.36 ($20,655.25).

About Beazley

Beazley plc provides risk insurance and reinsurance solutions worldwide. The company's Marine segment underwrites various marine classes, including hull, energy, cargo and specie, piracy, satellite, aviation, kidnap and ransom, and war risks. Its Political, Accident & Contingency segment underwrites terrorism, political violence, expropriation, and credit risks, as well as contingency and risks associated with contract frustration.

Analyst Recommendations for Beazley (LON:BEZ)

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