JPMorgan Chase & Co. raises Beazley (LON:BEZ) price target to 670 GBX

Beazley (LON: BEZGet a rating) saw its price target raised by equity researchers to JPMorgan Chase & Co. from GBX 650 ($8.12) to GBX 670 ($8.37) in a report released on Monday, market beat reports. The company currently has an “overweight” rating on the stock. JPMorgan Chase & Co.The price target of suggests a potential upside of 56.84% from the current stock price.

A number of other stock analysts have also recently commented on BEZ. Morgan Stanley reiterated an “equal weight” rating on Beazley shares in a Thursday, April 14 research note. Shore Capital reiterated a “buy” rating on Beazley shares in a Thursday, Feb. 10 research note. Royal Bank of Canada reiterated an “outperform” rating and issued a GBX 600 ($7.50) price target on Beazley shares in a research note on Friday, April 1. Barclays raised its price target on Beazley from GBX 531 ($6.63) to GBX 541 ($6.76) and gave the stock an “overweight” rating in a Wednesday, April 20 research note. Finally, Berenberg Bank reiterated a “buy” rating and issued a GBX 610 ($7.62) price target on Beazley shares in a research note on Tuesday, March 15. Four investment analysts gave the stock a hold rating and seven gave the company a buy rating. According to data from MarketBeat, Beazley has a consensus rating of “Buy” and an average price target of 502.60 GBX ($6.28).

LON: BEZ opened at 427.20 GBX ($5.34) on Monday. The company has a market cap of £2.61 billion and a price to earnings ratio of 10.66. Beazley has a one-year low of 291.50 GBX ($3.64) and a one-year high of 516.20 GBX ($6.45). The stock has a 50-day simple moving average of 413.72 GBX and a 200-day simple moving average of 433.81 GBX. The company has a debt ratio of 29.99, a quick ratio of 0.96 and a current ratio of 1.20.

In other news, insider Adrian Cox sold 6,607 shares of Beazley in a trade that took place on Monday, February 14. The stock was sold at an average price of 483 GBX ($6.03), for a total transaction of £31,911.81 ($39,864.85). Additionally, insider Sally Lake sold 4,841 shares of Beazley in a trade that took place on Wednesday, March 23. The shares were sold at an average price of 414 GBX ($5.17), for a total value of £20,041.74 ($25,036.53). Insiders have sold 14,862 shares of the company worth $6,854,559 over the past three months.

Beazley Company Profile (Get a rating)

Beazley plc provides risk insurance and reinsurance solutions in the United States, Europe and internationally. Its Cyber ​​& Executive Risk segment underwrites management liabilities, such as employment practices and directors & officers risk, cyber & technology, and media & business services.

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