Beazley (BEZ) Price Target Increased to GBX 700 by Analysts at Royal Bank of Canada
Beazley (LON:BEZ) had its price objective raised by investment analysts at Royal Bank of Canada from GBX 650 ($8.49) to GBX 700 ($9.15) in a research note issued to investors on Thursday. The firm presently has a “top pick” rating on the stock. Royal Bank of Canada’s price objective would suggest a potential upside of 35.40% from the company’s previous close.
Other equities research analysts have also issued reports about the stock. Jefferies Financial Group reissued a “buy” rating and set a GBX 680 ($8.89) target price on shares of Beazley in a research note on Wednesday, February 6th. Canaccord Genuity reissued a “buy” rating and set a GBX 610 ($7.97) target price on shares of Beazley in a research note on Monday, December 10th. UBS Group lowered their target price on shares of Beazley from GBX 580 ($7.58) to GBX 550 ($7.19) and set a “neutral” rating on the stock in a research note on Thursday, January 3rd. JPMorgan Chase & Co. lowered their target price on shares of Beazley from GBX 650 ($8.49) to GBX 620 ($8.10) and set an “overweight” rating on the stock in a research note on Tuesday, February 5th. Finally, Peel Hunt reaffirmed a “reduce” rating on shares of Beazley in a research note on Monday, February 4th. One research analyst has rated the stock with a sell rating, two have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of GBX 605 ($7.91).
BEZ stock opened at GBX 517 ($6.76) on Thursday. The company has a debt-to-equity ratio of 24.32, a quick ratio of 1.03 and a current ratio of 1.23. Beazley has a 52-week low of GBX 484.20 ($6.33) and a 52-week high of GBX 621.50 ($8.12). The stock has a market cap of $2.72 billion and a PE ratio of 40.39.
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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