Beazley’s (BEZ) Reduce Rating Reiterated at Peel Hunt

Peel Hunt reaffirmed their reduce rating on shares of Beazley (LON:BEZ) in a research note released on Monday, February 4th.

BEZ has been the subject of several other research reports. Canaccord Genuity reissued a buy rating and issued a GBX 610 ($7.97) price target on shares of Beazley in a research note on Monday, December 10th. Credit Suisse Group reissued an outperform rating on shares of Beazley in a research note on Thursday, November 15th. Royal Bank of Canada reissued a top pick rating on shares of Beazley in a research note on Monday, October 15th. UBS Group reissued a neutral rating and issued a GBX 580 ($7.58) price target (up previously from GBX 560 ($7.32)) on shares of Beazley in a research note on Tuesday, November 20th. Finally, Shore Capital reaffirmed an under review rating on shares of Beazley in a research report on Thursday, November 8th. One analyst has rated the stock with a sell rating, two have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of Buy and an average target price of GBX 585 ($7.64).

BEZ opened at GBX 518.50 ($6.78) on Monday. Beazley has a twelve month low of GBX 422.15 ($5.52) and a twelve month high of GBX 579 ($7.57).

The firm also recently announced a dividend, which will be paid on Wednesday, March 27th. Shareholders of record on Thursday, February 28th will be issued a dividend of GBX 7.80 ($0.10) per share. The ex-dividend date of this dividend is Thursday, February 28th. This is a positive change from Beazley’s previous dividend of $3.90. This represents a yield of 1.5%.

Beazley Company Profile

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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Analyst Recommendations for Beazley (LON:BEZ)

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