Beazley (LON:BEZ) Shares Up 40.7% – Should You Buy?

Beazley plc (LON:BEZ)’s stock price was up 40.7% during trading on Monday . The company traded as high as GBX 1,195 and last traded at GBX 1,154. Approximately 105,366,867 shares were traded during trading, an increase of 605% from the average daily volume of 14,943,431 shares. The stock had previously closed at GBX 820.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on BEZ shares. Jefferies Financial Group lifted their price target on shares of Beazley from GBX 1,000 to GBX 1,040 and gave the company a “buy” rating in a research note on Wednesday, November 12th. JPMorgan Chase & Co. dropped their target price on shares of Beazley from GBX 1,050 to GBX 1,025 and set an “overweight” rating on the stock in a research report on Wednesday, November 26th. Royal Bank Of Canada upped their price target on shares of Beazley from GBX 1,000 to GBX 1,100 and gave the stock an “outperform” rating in a research report on Tuesday, October 14th. Peel Hunt reaffirmed an “add” rating and issued a GBX 900 price target on shares of Beazley in a research note on Tuesday, November 25th. Finally, Berenberg Bank cut their price objective on Beazley from GBX 1,150 to GBX 1,100 and set a “buy” rating for the company in a research note on Wednesday, November 26th. Five research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of GBX 1,033.

Beazley Stock Up 40.9%

The stock’s 50-day moving average price is GBX 829.24 and its 200 day moving average price is GBX 855.62. The firm has a market capitalization of £6.81 billion, a price-to-earnings ratio of 7.65, a PEG ratio of 1.57 and a beta of 0.68.

About Beazley

Beazley plc provides risk insurance and reinsurance solutions in the United States, the United Kingdom, rest of Europe, and internationally. It operates through Cyber Risks, Digital, MAP Risks, Property Risks, and Specialty Risks segments. The Cyber Risk segment underwrites cyber and technology risks. The Digital segment underwrites various marine, contingency, and SME liability risks through digital channels, such as e-trading platforms and broker portals. The MAP Risks segment underwrites marine, portfolio underwriting and political, and contingency business.