Beazley (LON:BEZ) Sets New 12-Month High – Should You Buy?

Beazley plc (LON:BEZ)’s share price hit a new 52-week high during trading on Wednesday . The company traded as high as GBX 805.70 ($10.21) and last traded at GBX 804.50 ($10.19), with a volume of 2874345 shares traded. The stock had previously closed at GBX 788 ($9.98).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank raised their target price on shares of Beazley from GBX 880 ($11.15) to GBX 950 ($12.04) and gave the stock a “buy” rating in a research report on Thursday, August 8th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of GBX 943 ($11.95).

Beazley Stock Performance

The company has a market cap of £5.06 billion, a price-to-earnings ratio of 532.43, a price-to-earnings-growth ratio of 1.57 and a beta of 0.68. The company has a debt-to-equity ratio of 14.99, a current ratio of 21.78 and a quick ratio of 6.45. The stock has a 50-day moving average price of GBX 769.41 and a 200 day moving average price of GBX 725.06.

Insider Transactions at Beazley

In other Beazley news, insider Fiona Muldoon bought 10,000 shares of the business’s stock in a transaction that occurred on Friday, September 27th. The shares were bought at an average price of GBX 779 ($9.87) per share, for a total transaction of £77,900 ($98,707.55). Also, insider John Reizenstein purchased 5,000 shares of the business’s stock in a transaction on Tuesday, November 19th. The stock was purchased at an average price of GBX 736 ($9.33) per share, for a total transaction of £36,800 ($46,629.50). 2.31% of the stock is currently owned by corporate insiders.

Beazley Company Profile

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.