Beazley (LON:BEZ) Given New GBX 440 Price Target at Peel Hunt

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Beazley (LON:BEZ) had its price objective lowered by Peel Hunt from GBX 450 ($5.92) to GBX 440 ($5.79) in a research note published on Tuesday morning, Stock Target Advisor reports. The firm currently has a reduce rating on the stock.

Several other brokerages also recently issued reports on BEZ. Jefferies Financial Group lowered their price objective on shares of Beazley from GBX 665 ($8.75) to GBX 616 ($8.10) and set a buy rating for the company in a research report on Thursday, November 28th. Canaccord Genuity reaffirmed a hold rating and issued a GBX 625 ($8.22) price objective on shares of Beazley in a research report on Monday, November 11th. Goldman Sachs Group initiated coverage on shares of Beazley in a research report on Monday, February 3rd. They issued a neutral rating and a GBX 555 ($7.30) price objective for the company. UBS Group increased their price objective on shares of Beazley from GBX 630 ($8.29) to GBX 650 ($8.55) and gave the company a buy rating in a research report on Friday, February 7th. Finally, Morgan Stanley lowered their price objective on shares of Beazley from GBX 690 ($9.08) to GBX 660 ($8.68) and set an overweight rating for the company in a research report on Monday, December 2nd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the stock. The company has an average rating of Buy and a consensus price target of GBX 591.20 ($7.78).

BEZ opened at GBX 580 ($7.63) on Tuesday. The firm has a 50 day moving average price of GBX 552.80 and a 200 day moving average price of GBX 570.19. The company has a market cap of $3.07 billion and a PE ratio of 13.18. Beazley has a 1 year low of GBX 499.40 ($6.57) and a 1 year high of GBX 634 ($8.34). The company has a debt-to-equity ratio of 36.56, a quick ratio of 1.04 and a current ratio of 1.25.

The firm also recently announced a dividend, which will be paid on Monday, March 30th. Stockholders of record on Thursday, February 27th will be paid a dividend of GBX 8.20 ($0.11) per share. This is a boost from Beazley’s previous dividend of $4.10. This represents a dividend yield of 1.42%. The ex-dividend date of this dividend is Thursday, February 27th. Beazley’s dividend payout ratio is 0.27%.

In related news, insider Adrian Cox sold 35,836 shares of the firm’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of GBX 599 ($7.88), for a total transaction of £214,657.64 ($282,369.96). Also, insider Sally Lake acquired 1,888 shares of Beazley stock in a transaction that occurred on Wednesday, December 4th. The shares were purchased at an average price of GBX 534 ($7.02) per share, for a total transaction of £10,081.92 ($13,262.19). Over the last quarter, insiders have bought 43,188 shares of company stock valued at $23,566,692.

About Beazley

Beazley plc provides risk insurance and reinsurance solutions worldwide. The company's Marine segment underwrites various marine classes, including hull, energy, cargo and specie, piracy, satellite, aviation, kidnap and ransom, and war risks. Its Political, Accident & Contingency segment underwrites terrorism, political violence, expropriation, and credit risks, as well as contingency and risks associated with contract frustration.

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Analyst Recommendations for Beazley (LON:BEZ)

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