Beazley (LON:BEZ) Stock Passes Above Two Hundred Day Moving Average – What’s Next?

Beazley plc (LON:BEZ) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 706.52 ($9.16) and traded as high as GBX 792.25 ($10.27). Beazley shares last traded at GBX 773 ($10.02), with a volume of 720,314 shares trading hands.

Wall Street Analyst Weigh In

Separately, Berenberg Bank lifted their price target on shares of Beazley from GBX 880 ($11.41) to GBX 950 ($12.32) and gave the stock a “buy” rating in a report on Thursday, August 8th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Beazley presently has an average rating of “Buy” and an average target price of GBX 943 ($12.23).

Beazley Stock Performance

The stock has a 50 day moving average of GBX 768.71 and a 200 day moving average of GBX 706.52. The company has a market capitalization of £4.85 billion, a price-to-earnings ratio of 522.30, a price-to-earnings-growth ratio of 1.57 and a beta of 0.68. The company has a quick ratio of 6.45, a current ratio of 21.78 and a debt-to-equity ratio of 14.99.

Insiders Place Their Bets

In other news, insider Fiona Muldoon bought 10,000 shares of the company’s stock in a transaction that occurred on Friday, September 27th. The shares were acquired at an average price of GBX 779 ($10.10) per share, for a total transaction of £77,900 ($101,024.51). Company insiders own 2.31% of the company’s stock.

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.