J P Morgan Chase & Co Reaffirms “Overweight” Rating for Beazley (BEZ)

Beazley (LON:BEZ)‘s stock had its “overweight” rating reiterated by research analysts at J P Morgan Chase & Co in a research report issued on Thursday, November 16th.

A number of other research firms have also weighed in on BEZ. Peel Hunt reduced their price objective on Beazley from GBX 370 ($4.96) to GBX 320 ($4.29) and set a “reduce” rating for the company in a research note on Friday, September 29th. Shore Capital restated a “buy” rating on shares of Beazley in a research note on Thursday, November 9th. Finally, Numis Securities lowered Beazley to a “hold” rating in a research note on Thursday, October 5th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of GBX 373.75 ($5.01).

Shares of Beazley (BEZ) traded down GBX 0.70 ($0.01) on Thursday, reaching GBX 487.30 ($6.53). The company’s stock had a trading volume of 1,490,000 shares, compared to its average volume of 1,290,000. Beazley has a 12 month low of GBX 366.40 ($4.91) and a 12 month high of GBX 527.50 ($7.06).

In other news, insider Adrian Cox sold 90,004 shares of the business’s stock in a transaction that occurred on Monday, October 16th. The stock was sold at an average price of GBX 500 ($6.70), for a total transaction of £450,020 ($602,678.45).

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