Beazley (LON:BEZ) had its price objective raised by Morgan Stanley from GBX 421 ($5.18) to GBX 550 ($6.77) in a research report report published on Tuesday morning, Stock Target Advisor reports. The firm currently has an overweight rating on the stock.
BEZ has been the subject of several other reports. Credit Suisse Group lowered their target price on Beazley from GBX 400 ($4.92) to GBX 385 ($4.74) and set a neutral rating for the company in a report on Thursday, May 21st. Peel Hunt reissued a reduce rating on shares of Beazley in a research report on Monday, June 1st. Shore Capital reissued an under review rating on shares of Beazley in a research report on Tuesday, May 19th. Jefferies Financial Group reduced their price target on Beazley from GBX 575 ($7.08) to GBX 500 ($6.15) and set a buy rating for the company in a research report on Thursday, May 28th. Finally, Goldman Sachs Group reissued a neutral rating on shares of Beazley in a research report on Monday, April 27th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus price target of GBX 490 ($6.03).
Shares of BEZ stock opened at GBX 410 ($5.05) on Tuesday. Beazley has a twelve month low of GBX 294.20 ($3.62) and a twelve month high of GBX 634 ($7.80). The stock has a market capitalization of $2.51 billion and a price-to-earnings ratio of 9.32. The stock has a fifty day simple moving average of GBX 396.53 and a two-hundred day simple moving average of GBX 461.73. The company has a current ratio of 1.25, a quick ratio of 1.04 and a debt-to-equity ratio of 36.56.
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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