Beazley (LON:BEZ) Reaches New 52-Week High at $715.00

Beazley plc (LON:BEZ) shares hit a new 52-week high during trading on Tuesday . The company traded as high as GBX 715 ($9.04) and last traded at GBX 686.50 ($8.68), with a volume of 1789853 shares trading hands. The stock had previously closed at GBX 707.82 ($8.95).

Analysts Set New Price Targets

A number of brokerages have recently commented on BEZ. JPMorgan Chase & Co. upped their price objective on shares of Beazley from GBX 770 ($9.74) to GBX 870 ($11.00) and gave the company an “overweight” rating in a research report on Tuesday, April 30th. Royal Bank of Canada upped their price objective on shares of Beazley from GBX 975 ($12.33) to GBX 1,000 ($12.65) and gave the company an “outperform” rating in a research report on Tuesday, April 30th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 880 ($11.13) price objective on shares of Beazley in a research report on Thursday, March 7th. Barclays upped their price objective on shares of Beazley from GBX 910 ($11.51) to GBX 920 ($11.64) and gave the company an “overweight” rating in a research report on Friday, May 3rd. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 975 ($12.33) price objective on shares of Beazley in a research report on Wednesday, May 29th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, Beazley has an average rating of “Buy” and a consensus target price of GBX 929 ($11.75).

Beazley Stock Performance

The firm has a market cap of £4.34 billion, a P/E ratio of 550.00, a PEG ratio of 1.57 and a beta of 0.67. The stock’s 50 day moving average is GBX 671.60 and its two-hundred day moving average is GBX 624.59. The company has a debt-to-equity ratio of 16.26, a current ratio of 20.77 and a quick ratio of 6.45.

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.