Beazley (LON:BEZ) Lifted to Buy at UBS Group

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UBS Group upgraded shares of Beazley (LON:BEZ) to a buy rating in a research report released on Monday morning, ThisIsMoney.Co.Uk reports. They currently have GBX 635 ($8.30) target price on the stock, up from their prior target price of GBX 575 ($7.51).

Other equities analysts also recently issued reports about the stock. Morgan Stanley initiated coverage on shares of Beazley in a report on Friday, May 17th. They set an overweight rating and a GBX 651 ($8.51) price objective on the stock. Royal Bank of Canada cut their price objective on shares of Beazley from GBX 700 ($9.15) to GBX 675 ($8.82) and set a top pick rating on the stock in a report on Friday, July 19th. JPMorgan Chase & Co. lifted their price objective on shares of Beazley from GBX 620 ($8.10) to GBX 665 ($8.69) and gave the stock an overweight rating in a report on Wednesday, July 24th. Berenberg Bank cut their price objective on shares of Beazley from GBX 629 ($8.22) to GBX 616 ($8.05) and set a buy rating on the stock in a report on Wednesday, June 12th. Finally, Numis Securities reaffirmed an add rating on shares of Beazley in a report on Monday, June 3rd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus target price of GBX 620.88 ($8.11).

BEZ opened at GBX 592 ($7.74) on Monday. The company has a debt-to-equity ratio of 25.45, a current ratio of 13.44 and a quick ratio of 11.23. The company has a market capitalization of $3.14 billion and a price-to-earnings ratio of 19.54. The firm’s fifty day moving average price is GBX 562.96 and its two-hundred day moving average price is GBX 548.36. Beazley has a 1 year low of GBX 486.60 ($6.36) and a 1 year high of GBX 604.50 ($7.90).

The firm also recently announced a dividend, which will be paid on Thursday, August 29th. Stockholders of record on Thursday, August 1st will be paid a dividend of GBX 4.10 ($0.05) per share. This represents a dividend yield of 0.74%. The ex-dividend date is Thursday, August 1st. Beazley’s payout ratio is 0.40%.

In other Beazley news, insider Adrian Cox bought 6,742 shares of the stock in a transaction dated Tuesday, July 23rd. The shares were bought at an average cost of GBX 267 ($3.49) per share, for a total transaction of £18,001.14 ($23,521.68).

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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