Beazley (LON:BEZ) Shares Up 40.5% – What’s Next?

Beazley plc (LON:BEZ) shares were up 40.5% during mid-day trading on Monday . The company traded as high as GBX 1,195 and last traded at GBX 1,152.45. Approximately 15,440,655 shares traded hands during trading, an increase of 107% from the average daily volume of 7,449,580 shares. The stock had previously closed at GBX 820.

Analysts Set New Price Targets

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

Beazley Price Performance

The firm has a market cap of £6.79 billion, a P/E ratio of 7.63, a price-to-earnings-growth ratio of 1.57 and a beta of 0.68. The company’s 50-day simple moving average is GBX 839.13 and its 200 day simple moving average is GBX 859.03.

Beazley Company Profile

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.