Beazley (BEZ) Price Target Cut to GBX 610 by Analysts at Canaccord Genuity

Beazley (LON:BEZ) had its target price lowered by Canaccord Genuity from GBX 685 ($8.95) to GBX 610 ($7.97) in a research report report published on Friday morning. Canaccord Genuity currently has a buy rating on the stock.

A number of other research firms have also commented on BEZ. JPMorgan Chase & Co. cut their price objective on shares of Beazley from GBX 670 ($8.75) to GBX 650 ($8.49) and set an overweight rating for the company in a research report on Friday. Peel Hunt restated a reduce rating on shares of Beazley in a research report on Friday, July 20th. Numis Securities restated a hold rating on shares of Beazley in a research report on Friday, July 20th. Berenberg Bank upgraded shares of Beazley to a buy rating in a research report on Thursday, July 26th. Finally, UBS Group restated a neutral rating on shares of Beazley in a research report on Monday, July 23rd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. Beazley presently has a consensus rating of Buy and an average target price of GBX 575 ($7.51).

LON:BEZ remained flat at $GBX 532 ($6.95) on Friday. 1,566,143 shares of the company’s stock were exchanged, compared to its average volume of 2,070,000. Beazley has a 12-month low of GBX 422.15 ($5.52) and a 12-month high of GBX 579 ($7.57).

In other news, insider George Blunden sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 21st. The shares were sold at an average price of GBX 587 ($7.67), for a total value of £29,350 ($38,350.97).

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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