Beazley PLC (LON:BEZ) Downgraded by Numis Securities Ltd to “Add”

Numis Securities Ltd cut shares of Beazley PLC (LON:BEZ) to an add rating in a research note released on Friday, July 21st, Marketbeat Ratings reports.

BEZ has been the topic of a number of other reports. Peel Hunt reiterated a reduce rating and issued a GBX 350 ($4.54) target price on shares of Beazley PLC in a report on Monday, June 5th. Macquarie reissued an underperform rating and issued a GBX 365 ($4.74) target price on shares of Beazley PLC in a research report on Tuesday, April 4th. Canaccord Genuity reissued a buy rating on shares of Beazley PLC in a research report on Friday, May 12th. Credit Suisse Group began coverage on shares of Beazley PLC in a research report on Tuesday, July 18th. They set an outperform rating on the stock. Finally, Stockdale Securities reaffirmed a neutral rating on shares of Beazley PLC in a research report on Tuesday, April 18th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company. Beazley PLC has an average rating of Hold and an average target price of GBX 386.25 ($5.01).

Beazley PLC (BEZ) traded down 0.29% during mid-day trading on Friday, hitting GBX 519.00. 562,206 shares of the stock traded hands. The stock has a 50 day moving average price of GBX 510.78 and a 200 day moving average price of GBX 461.59. The firm’s market cap is GBX 2.70 billion. Beazley PLC has a 12-month low of GBX 351.68 and a 12-month high of GBX 527.50.

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

In other news, insider Christine LaSala acquired 14,300 shares of Beazley PLC stock in a transaction dated Wednesday, August 2nd. The stock was acquired at an average cost of GBX 524 ($6.80) per share, for a total transaction of £74,932 ($97,276.39). Also, insider Martin Bride acquired 4,354 shares of Beazley PLC stock in a transaction dated Friday, August 4th. The stock was purchased at an average price of GBX 207 ($2.69) per share, with a total value of £9,012.78 ($11,700.35).

Beazley PLC Company Profile

Analyst Recommendations for Beazley PLC (LON:BEZ)

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