Beazley (LON:BEZ) Stock Price Passes Above 200-Day Moving Average – Here’s Why

Beazley plc (LON:BEZ)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 715.44 ($9.02) and traded as high as GBX 742 ($9.35). Beazley shares last traded at GBX 737 ($9.29), with a volume of 1,495,415 shares changing hands.

Analyst Ratings Changes

Separately, Berenberg Bank raised their price target on Beazley from GBX 880 ($11.09) to GBX 950 ($11.97) and gave the stock a “buy” rating in a research note on Thursday, August 8th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of GBX 943 ($11.88).

Beazley Stock Down 0.7 %

The firm has a market capitalization of £4.63 billion, a PE ratio of 497.97, a PEG ratio of 1.57 and a beta of 0.68. The business’s fifty day moving average price is GBX 769.92 and its 200 day moving average price is GBX 715.44. The company has a quick ratio of 6.45, a current ratio of 21.78 and a debt-to-equity ratio of 14.99.

Insider Activity at Beazley

In related news, insider Fiona Muldoon purchased 10,000 shares of the firm’s stock in a transaction that occurred on Friday, September 27th. The stock was purchased at an average cost of GBX 779 ($9.82) per share, with a total value of £77,900 ($98,172.65). 2.31% of the stock is currently owned by 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.