Beazley (LON:BEZ) Stock Passes Above Two Hundred Day Moving Average of $448.58

Beazley plc (LON:BEZGet Rating)’s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 448.58 ($5.44) and traded as high as GBX 495.80 ($6.02). Beazley shares last traded at GBX 493.20 ($5.99), with a volume of 1,742,166 shares traded.

A number of equities analysts recently issued reports on BEZ shares. Barclays reissued an “overweight” rating and issued a GBX 541 ($6.57) price objective on shares of Beazley in a report on Friday, May 6th. Morgan Stanley restated an “equal weight” rating on shares of Beazley in a research report on Wednesday, May 11th. Berenberg Bank restated a “buy” rating and issued a GBX 630 ($7.65) price target on shares of Beazley in a research report on Monday, May 30th. Royal Bank of Canada reaffirmed an “outperform” rating and set a GBX 575 ($6.98) price objective on shares of Beazley in a research note on Friday, May 27th. Finally, JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a GBX 670 ($8.13) price objective on shares of Beazley in a research note on Tuesday, May 17th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, Beazley has a consensus rating of “Buy” and an average target price of GBX 518.88 ($6.30).

The firm has a market capitalization of £3.01 billion and a PE ratio of 11.91. The company has a 50-day moving average price of GBX 449.39 and a 200-day moving average price of GBX 448.58. The company has a debt-to-equity ratio of 29.99, a current ratio of 1.20 and a quick ratio of 0.96.

In related news, insider Raj Agrawal purchased 429 shares of the company’s stock in a transaction dated Tuesday, May 10th. The shares were acquired at an average cost of GBX 440 ($5.34) per share, for a total transaction of £1,887.60 ($2,291.05). Also, insider Sally Lake sold 4,841 shares of the firm’s stock in a transaction that occurred on Wednesday, March 23rd. The shares were sold at an average price of GBX 414 ($5.02), for a total value of £20,041.74 ($24,325.45).

About Beazley (LON:BEZ)

Beazley plc provides risk insurance and reinsurance solutions in the United States, Europe, and internationally. Its Cyber & Executive Risk segment underwrites management liabilities, such as employment practices risks and directors and officers, cyber and technology, and media and business services.

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