Beazley PLC (BEZ) Rating Reiterated by Peel Hunt

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Beazley PLC (LON:BEZ)‘s stock had its “hold” rating reissued by equities research analysts at Peel Hunt in a note issued to investors on Tuesday. They currently have a GBX 360 ($4.79) target price on the stock. Peel Hunt’s price target indicates a potential downside of 9.75% from the company’s current price.
Other equities analysts have also issued research reports about the company. Numis Securities Ltd reissued a “buy” rating on shares of Beazley PLC in a research note on Friday, July 22nd. Shore Capital reissued a “buy” rating on shares of Beazley PLC in a research note on Friday, July 22nd. Finally, JPMorgan Chase & Co. reissued an “overweight” rating on shares of Beazley PLC in a research note on Monday, September 12th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of GBX 354.50 ($4.72).
Beazley PLC (LON:BEZ) traded down 0.15% on Tuesday, reaching GBX 398.90. 1,633,582 shares of the company traded hands. The firm has a 50 day moving average price of GBX 397.03 and a 200 day moving average price of GBX 366.45. Beazley PLC has a 52-week low of GBX 313.90 and a 52-week high of GBX 408.40. The stock’s market capitalization is GBX 2.05 billion.

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The business also recently announced a dividend, which was paid on Friday, August 26th. Shareholders of record on Thursday, August 4th were paid a GBX 3.50 ($0.05) dividend. This represents a yield of 0.9%. The ex-dividend date of this dividend was Thursday, August 4th.
In related news, insider Sauerland,John bought 10,000 shares of the business’s stock in a transaction on Tuesday, September 13th. The shares were purchased at an average price of GBX 408 ($5.43) per share, with a total value of £40,800 ($54,342.04).

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