Royal Bank Of Canada Lowers Beazley (LON:BEZ) Price Target to GBX 1,000

Beazley (LON:BEZ) had its price objective decreased by equities research analysts at Royal Bank Of Canada from GBX 1,125 ($15.25) to GBX 1,000 ($13.55) in a research report issued to clients and investors on Thursday, MarketBeat.com reports. The firm presently has an “outperform” rating on the stock. Royal Bank Of Canada’s price objective would indicate a potential upside of 27.56% from the stock’s current price.

Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 1,150 ($15.59) target price on shares of Beazley in a report on Monday, July 14th.

Beazley Trading Up 1.0%

Shares of BEZ opened at GBX 783.94 ($10.63) on Thursday. The firm’s 50-day moving average price is GBX 906.55 and its 200-day moving average price is GBX 892.66. The firm has a market capitalization of £6.03 billion, a price-to-earnings ratio of 4.91, a PEG ratio of 1.57 and a beta of 0.68. Beazley has a 1-year low of GBX 727.70 ($9.86) and a 1-year high of GBX 983.50 ($13.33).

Insiders Place Their Bets

In other news, insider John Reizenstein bought 5,089 shares of Beazley stock in a transaction dated Thursday, August 14th. The shares were acquired at an average price of GBX 786 ($10.65) per share, with a total value of £39,999.54 ($54,214.61). Also, insider Carolyn Johnson bought 22,800 shares of Beazley stock in a transaction dated Thursday, August 14th. The stock was purchased at an average cost of GBX 776 ($10.52) per share, for a total transaction of £176,928 ($239,804.83). In the last ninety days, insiders have purchased 29,161 shares of company stock worth $22,692,546. 2.31% of the stock is owned by insiders.

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.