Peel Hunt Reaffirms Reduce Rating for Beazley PLC (BEZ)

Peel Hunt reissued their reduce rating on shares of Beazley PLC (LON:BEZ) in a report issued on Sunday, July 23rd, StockTargetPrices.com reports. The brokerage currently has a GBX 370 ($4.80) price objective on the stock.

Several other research firms have also issued reports on BEZ. Numis Securities Ltd lowered shares of Beazley PLC to an add rating in a report on Friday, July 21st. Credit Suisse Group began coverage on shares of Beazley PLC in a report on Tuesday, July 18th. They set an outperform rating for the company. J P Morgan Chase & Co reiterated an overweight rating on shares of Beazley PLC in a report on Tuesday, July 18th. Shore Capital reissued a buy rating on shares of Beazley PLC in a research report on Thursday, May 11th. Finally, Canaccord Genuity reissued a buy rating on shares of Beazley PLC in a research report on Friday, May 12th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of Hold and an average price target of GBX 386.25 ($5.01).

Beazley PLC (LON:BEZ) traded down 0.29% on Friday, hitting GBX 519.00. The company had a trading volume of 562,206 shares. The company’s market capitalization is GBX 2.70 billion. The stock’s 50-day moving average price is GBX 510.78 and its 200 day moving average price is GBX 461.59. Beazley PLC has a one year low of GBX 351.68 and a one year high of GBX 527.50.

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The firm also recently disclosed a dividend, which will be paid on Thursday, August 31st. Stockholders of record on Thursday, August 3rd will be given a dividend of GBX 3.70 ($0.05) per share. This represents a dividend yield of 0.72%. The ex-dividend date of this dividend is Thursday, August 3rd.

In other Beazley PLC news, insider George Blunden sold 5,000 shares of the business’s stock in a transaction on Monday, July 24th. The shares were sold at an average price of GBX 501 ($6.50), for a total value of £25,050 ($32,519.80). Also, insider Martin Bride bought 4,354 shares of Beazley PLC stock in a transaction dated Friday, August 4th. The stock was acquired at an average price of GBX 207 ($2.69) per share, for a total transaction of £9,012.78 ($11,700.35).

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