Beazley (LON:BEZ) Trading 40.5% Higher – Here’s Why

Shares of Beazley plc (LON:BEZ) rose 40.5% on Monday . The company traded as high as GBX 1,195 and last traded at GBX 1,152.45. Approximately 15,440,655 shares changed hands during trading, an increase of 107% from the average daily volume of 7,449,580 shares. The stock had previously closed at GBX 820.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on BEZ shares. Peel Hunt reissued an “add” rating and issued a GBX 900 price target on shares of Beazley in a report on Tuesday, November 25th. Royal Bank Of Canada increased their target price on shares of Beazley from GBX 1,000 to GBX 1,100 and gave the stock an “outperform” rating in a research note on Tuesday, October 14th. Berenberg Bank reduced their price target on shares of Beazley from GBX 1,150 to GBX 1,100 and set a “buy” rating for the company in a research report on Wednesday, November 26th. Jefferies Financial Group upped their price target on shares of Beazley from GBX 1,000 to GBX 1,040 and gave the stock a “buy” rating in a report on Wednesday, November 12th. Finally, JPMorgan Chase & Co. dropped their price objective on Beazley from GBX 1,050 to GBX 1,025 and set an “overweight” rating for the company in a research note on Wednesday, November 26th. Five analysts have rated the stock with a Buy rating, According to data from MarketBeat, Beazley has an average rating of “Buy” and an average target price of GBX 1,033.

Beazley Trading Up 40.5%

The stock’s fifty day moving average price is GBX 829.24 and its 200 day moving average price is GBX 855.62. The stock has a market cap of £6.79 billion, a P/E ratio of 7.63, a price-to-earnings-growth ratio of 1.57 and a beta of 0.68.

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. The Digital segment underwrites various marine, contingency, and SME liability risks through digital channels, such as e-trading platforms and broker portals. The MAP Risks segment underwrites marine, portfolio underwriting and political, and contingency business.