Beazley PLC (BEZ) Given Consensus Recommendation of “Hold” by Analysts
Beazley PLC (LON:BEZ) has received a consensus rating of “Hold” from the ten ratings firms that are presently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is GBX 378.33 ($4.89).
A number of analysts have recently weighed in on BEZ shares. Peel Hunt reiterated a “reduce” rating and issued a GBX 370 ($4.78) price objective on shares of Beazley PLC in a research note on Thursday, September 7th. J P Morgan Chase & Co restated an “overweight” rating on shares of Beazley PLC in a research report on Tuesday, July 18th. Numis Securities Ltd lowered shares of Beazley PLC to an “add” rating in a research report on Friday, July 21st. Finally, Credit Suisse Group started coverage on shares of Beazley PLC in a research report on Tuesday, July 18th. They set an “outperform” rating on the stock.
In related news, insider Martin Bride acquired 4,354 shares of the firm’s stock in a transaction on Friday, August 4th. The shares were acquired at an average cost of GBX 207 ($2.67) per share, with a total value of £9,012.78 ($11,639.91). Also, insider George Blunden sold 5,000 shares of the stock in a transaction on Monday, July 24th. The shares were sold at an average price of GBX 501 ($6.47), for a total transaction of £25,050 ($32,351.80).
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Beazley PLC (BEZ) opened at 469.60 on Tuesday. Beazley PLC has a 1-year low of GBX 351.68 and a 1-year high of GBX 527.50. The company’s 50 day moving average is GBX 509.11 and its 200-day moving average is GBX 470.36. The stock’s market cap is GBX 2.45 billion.
Beazley PLC (LON:BEZ) last released its quarterly earnings data on Friday, July 21st. The company reported $0.25 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.05. Beazley PLC had a net margin of 13.31% and a return on equity of 16.59%. Equities research analysts forecast that Beazley PLC will post $32.39 earnings per share for the current fiscal year.
The company also recently declared a dividend, which was paid on Thursday, August 31st. Investors of record on Thursday, August 3rd were given a dividend of GBX 3.70 ($0.05) per share. The ex-dividend date was Thursday, August 3rd. This represents a yield of 0.72%.
About Beazley PLC
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