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

Beazley plc (LON:BEZ)’s share price shot 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 traded hands during mid-day trading, an increase of 107% from the average session volume of 7,449,580 shares. The stock had previously closed at GBX 820.

Wall Street Analysts Forecast Growth

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

Beazley Price Performance

The company has a market cap of £6.79 billion, a P/E ratio of 7.63, a PEG ratio of 1.57 and a beta of 0.68. The company has a fifty day simple moving average of GBX 839.13 and a 200-day simple moving average of 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.