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

Beazley plc (LON:BEZ)’s stock price traded up 40.5% during trading on Monday . The stock traded as high as GBX 1,195 and last traded at GBX 1,152.45. 15,440,655 shares traded hands during mid-day trading, an increase of 107% from the average session volume of 7,449,580 shares. The stock had previously closed at GBX 820.

Analyst Upgrades and Downgrades

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

Beazley Price Performance

The firm has a market cap of £6.79 billion, a price-to-earnings ratio of 7.63, a P/E/G ratio of 1.57 and a beta of 0.68. The business’s 50-day moving average price is GBX 839.13 and its two-hundred day moving average price is GBX 859.03.

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.