Beazley (LON:BEZ) had its target price reduced by JPMorgan Chase & Co. from GBX 650 ($8.49) to GBX 620 ($8.10) in a research report issued to clients and investors on Tuesday, February 5th. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 13.04% from the stock’s current price.
A number of other research firms have also recently weighed in on BEZ. Peel Hunt reaffirmed a “reduce” rating on shares of Beazley in a research note on Thursday, November 29th. UBS Group reaffirmed a “neutral” rating and set a GBX 580 ($7.58) target price (up previously from GBX 560 ($7.32)) on shares of Beazley in a research note on Tuesday, November 20th. Shore Capital reaffirmed an “under review” rating on shares of Beazley in a research note on Thursday, November 8th. Credit Suisse Group reaffirmed an “outperform” rating on shares of Beazley in a research note on Thursday, November 15th. Finally, Canaccord Genuity cut their price target on shares of Beazley from GBX 685 ($8.95) to GBX 610 ($7.97) and set a “buy” rating on the stock in a report on Friday, November 9th. One analyst has rated the stock with a sell rating, two have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of GBX 586 ($7.66).
LON:BEZ traded up GBX 1 ($0.01) during mid-day trading on Tuesday, reaching GBX 548.50 ($7.17). The stock had a trading volume of 1,840,407 shares, compared to its average volume of 2,070,000. Beazley has a 12 month low of GBX 422.15 ($5.52) and a 12 month high of GBX 579 ($7.57).
In related news, insider Adrian Cox sold 5,604 shares of the business’s stock in a transaction on Wednesday, February 13th. The shares were sold at an average price of GBX 505 ($6.60), for a total value of £28,300.20 ($36,979.22).
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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