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

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

Wall Street Analysts Forecast Growth

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

Beazley Stock Performance

The firm has a 50-day moving average of GBX 844.03 and a 200-day moving average of GBX 861.06. The firm has a market capitalization of £6.77 billion, a P/E ratio of 7.61, a PEG ratio of 1.57 and a beta of 0.68.

Beazley Company Profile

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.