Beazley (LON:BEZ) Trading 40.5% Higher – Should You Buy?

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

Analysts Set New Price Targets

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

Beazley Stock Performance

The company has a 50 day moving average of GBX 839.13 and a two-hundred day moving average of GBX 859.03. The stock has a market capitalization of £6.79 billion, a PE ratio of 7.63, a P/E/G 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.