Beazley (LON:BEZ) Downgraded by Jefferies Financial Group to “Hold”

Beazley (LON:BEZ) was downgraded by analysts at Jefferies Financial Group to a “hold” rating in a research note issued on Thursday, Stock Target Advisor reports. They currently have a GBX 611 ($8.04) price target on the stock, down from their previous price target of GBX 616 ($8.10). Jefferies Financial Group’s price objective points to a potential upside of 5.34% from the company’s previous close.

Other analysts have also issued research reports about the company. Peel Hunt dropped their target price on Beazley from GBX 450 ($5.92) to GBX 440 ($5.79) and set a “reduce” rating on the stock in a report on Tuesday. Morgan Stanley dropped their target price on Beazley from GBX 690 ($9.08) to GBX 660 ($8.68) and set an “overweight” rating on the stock in a report on Monday, December 2nd. UBS Group upped their target price on Beazley from GBX 630 ($8.29) to GBX 650 ($8.55) and gave the stock a “buy” rating in a report on Friday, February 7th. Shore Capital reiterated a “buy” rating on shares of Beazley in a report on Friday, November 8th. Finally, Goldman Sachs Group initiated coverage on Beazley in a report on Monday, February 3rd. They set a “neutral” rating and a GBX 555 ($7.30) target price on the stock. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company’s stock. Beazley currently has an average rating of “Buy” and a consensus target price of GBX 591.20 ($7.78).

BEZ opened at GBX 580 ($7.63) on Thursday. Beazley has a 52-week low of GBX 499.40 ($6.57) and a 52-week high of GBX 634 ($8.34). The firm has a market capitalization of $3.07 billion and a PE ratio of 13.18. The company has a debt-to-equity ratio of 36.56, a quick ratio of 1.04 and a current ratio of 1.25. The business’s 50-day simple moving average is GBX 552.80 and its 200 day simple moving average is GBX 570.19.

In other Beazley news, insider Sally Lake purchased 1,888 shares of the stock in a transaction on Wednesday, December 4th. The shares were purchased at an average price of GBX 534 ($7.02) per share, with a total value of £10,081.92 ($13,262.19). Also, insider Adrian Cox purchased 36,300 shares of the stock in a transaction on Wednesday, December 18th. The shares were acquired at an average cost of GBX 545 ($7.17) per share, for a total transaction of £197,835 ($260,240.73). In the last three months, insiders have acquired 43,188 shares of company stock worth $23,566,692.

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.

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Analyst Recommendations for Beazley (LON:BEZ)

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