Beazley (LON:BEZ) Stock Crosses Above Two Hundred Day Moving Average – Here’s Why

Beazley plc (LON:BEZ) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 706.52 ($9.16) and traded as high as GBX 792.25 ($10.27). Beazley shares last traded at GBX 773 ($10.02), with a volume of 720,314 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank increased their price objective on shares of Beazley from GBX 880 ($11.41) to GBX 950 ($12.32) and gave the company a “buy” rating in a research report on Thursday, August 8th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of GBX 943 ($12.23).

Beazley Price Performance

The company has a quick ratio of 6.45, a current ratio of 21.78 and a debt-to-equity ratio of 14.99. The company’s 50 day moving average is GBX 769.49 and its 200 day moving average is GBX 708.15. The firm has a market capitalization of £4.74 billion, a price-to-earnings ratio of 515.88, a P/E/G ratio of 1.57 and a beta of 0.68.

Insiders Place Their Bets

In other Beazley news, insider Fiona Muldoon acquired 10,000 shares of the company’s stock in a transaction on Friday, September 27th. The stock was acquired at an average price of GBX 779 ($10.10) per share, for a total transaction of £77,900 ($101,024.51). Corporate insiders own 2.31% of the company’s stock.

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.