Beazley (LON:BEZ) Rating Lowered to “Neutral” at Citigroup

Beazley (LON:BEZ) was downgraded by equities research analysts at Citigroup to a “neutral” rating in a research report issued to clients and investors on Thursday, Marketbeat Ratings reports. They presently have a GBX 1,280 price objective on the stock, up from their previous price objective of GBX 1,025. Citigroup’s price objective points to a potential upside of 13.17% from the company’s previous close.

A number of other equities research analysts also recently commented on the company. Jefferies Financial Group lifted their target price on Beazley from GBX 1,000 to GBX 1,040 and gave the stock a “buy” rating in a report on Wednesday, November 12th. Peel Hunt restated an “add” rating and set a GBX 900 price objective on shares of Beazley in a research note on Tuesday, November 25th. Berenberg Bank dropped their price objective on shares of Beazley from GBX 1,150 to GBX 1,100 and set a “buy” rating on the stock in a report on Wednesday, November 26th. JPMorgan Chase & Co. lowered their price target on shares of Beazley from GBX 1,050 to GBX 1,025 and set an “overweight” rating on the stock in a report on Wednesday, November 26th. Finally, Royal Bank Of Canada increased their price target on Beazley from GBX 1,000 to GBX 1,100 and gave the stock an “outperform” rating in a research report on Tuesday, October 14th. Five equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of GBX 1,074.17.

Beazley Stock Performance

LON BEZ opened at GBX 1,131 on Thursday. The company has a market cap of £6.67 billion, a PE ratio of 7.49, a P/E/G ratio of 1.57 and a beta of 0.68. The firm’s 50 day moving average price is GBX 844.03 and its 200-day moving average price is GBX 861.06. Beazley has a 52-week low of GBX 750 and a 52-week high of GBX 1,199.

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.