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

Peel Hunt restated their reduce rating on shares of Beazley (LON:BEZ) in a research note issued to investors on Monday, ThisIsMoney.Co.Uk reports.

A number of other research firms have also issued reports on BEZ. Royal Bank of Canada reduced their target price on shares of Beazley from GBX 700 ($9.15) to GBX 675 ($8.82) and set a top pick rating on the stock in a report on Friday, July 19th. Berenberg Bank reduced their target price on shares of Beazley from GBX 629 ($8.22) to GBX 616 ($8.05) and set a buy rating on the stock in a report on Wednesday, June 12th. Shore Capital reiterated a buy rating on shares of Beazley in a report on Tuesday, July 23rd. JPMorgan Chase & Co. increased their target price on shares of Beazley from GBX 620 ($8.10) to GBX 665 ($8.69) and gave the stock an overweight rating in a report on Wednesday, July 24th. Finally, UBS Group upgraded shares of Beazley to a buy rating and increased their target price for the stock from GBX 575 ($7.51) to GBX 635 ($8.30) in a report on Monday. One analyst has rated the stock with a sell rating, one has issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus price target of GBX 620.88 ($8.11).

Beazley stock opened at GBX 592 ($7.74) on Monday. The firm has a market cap of $3.14 billion and a PE ratio of 19.54. Beazley has a 52-week low of GBX 486.60 ($6.36) and a 52-week high of GBX 604.50 ($7.90). The company has a quick ratio of 11.23, a current ratio of 13.44 and a debt-to-equity ratio of 25.45. The company’s 50 day moving average is GBX 562.96 and its two-hundred day moving average is GBX 548.36.

The company also recently disclosed a dividend, which will be paid on Thursday, August 29th. Stockholders of record on Thursday, August 1st will be issued a GBX 4.10 ($0.05) dividend. The ex-dividend date of this dividend is Thursday, August 1st. This represents a dividend yield of 0.74%. Beazley’s payout ratio is 0.40%.

In other news, insider Adrian Cox acquired 6,742 shares of Beazley stock in a transaction dated Tuesday, July 23rd. The shares were acquired at an average cost of GBX 267 ($3.49) per share, for a total transaction of £18,001.14 ($23,521.68).

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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