Beazley (LON:BEZ) Shares Cross Above Two Hundred Day Moving Average – What’s Next?

Beazley plc (LON:BEZ) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 702.15 ($9.12) and traded as high as GBX 800 ($10.39). Beazley shares last traded at GBX 793 ($10.30), with a volume of 771,975 shares traded.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank increased their price target on shares of Beazley from GBX 880 ($11.43) to GBX 950 ($12.33) 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, Beazley has an average rating of “Buy” and a consensus price target of GBX 943 ($12.24).

Beazley Price Performance

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 market cap of £4.95 billion, a price-to-earnings ratio of 535.81, a price-to-earnings-growth ratio of 1.57 and a beta of 0.68. The business’s 50-day simple moving average is GBX 763.81 and its two-hundred day simple moving average is GBX 702.15.

Insider Buying and Selling at Beazley

In related news, insider Fiona Muldoon bought 10,000 shares of the business’s stock in a transaction on Friday, September 27th. The shares were purchased at an average price of GBX 779 ($10.11) per share, for a total transaction of £77,900 ($101,142.56). Company 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.