What’s Propelling Beazley PLC to Increase So Much?

 What's Propelling Beazley PLC to Increase So Much?

The stock of Beazley PLC (LON:BEZ) is a huge mover today! The stock increased 0.55% or GBX 2.06 on November 9, hitting GBX 374.56. About 1.12M shares traded hands or 35.61% up from the average. Beazley PLC (LON:BEZ) has risen 8.70% since April 11, 2016 and is uptrending. It has outperformed by 3.91% the S&P500.
The move comes after 8 months positive chart setup for the GBX 1.95 billion company. It was reported on Nov, 9 by Barchart.com. We have GBX 606.79 PT which if reached, will make LON:BEZ worth GBX 1.21 billion more.

Beazley PLC (LON:BEZ) Ratings Coverage

Out of 12 analysts covering Beazley PLC (LON:BEZ), 7 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 58% are positive. Beazley PLC has been the topic of 73 analyst reports since July 24, 2015 according to StockzIntelligence Inc. RBC Capital Markets maintained the stock with “Outperform” rating in Thursday, February 18 report. The stock has “Hold” rating given by Peel Hunt on Thursday, September 15. The stock of Beazley PLC (LON:BEZ) earned “Outperform” rating by RBC Capital Markets on Monday, September 14. The stock of Beazley PLC (LON:BEZ) earned “Buy” rating by Shore Capital on Wednesday, October 5. The stock has “Hold” rating given by Peel Hunt on Thursday, September 22. The firm has “Hold” rating by Canaccord Genuity given on Monday, July 27. The firm has “Buy” rating by Numis Securities given on Friday, July 22. The firm has “Hold” rating by Peel Hunt given on Friday, July 22. Canaccord Genuity maintained Beazley PLC (LON:BEZ) on Thursday, November 12 with “Hold” rating. As per Wednesday, September 14, the company rating was maintained by JP Morgan.

Another recent and important Beazley PLC (LON:BEZ) news was published by Fool.Co.Uk which published an article titled: “Should You Buy Beazley PLC, WM Morrison Supermarkets PLC & Beowulf Mining plc …” on February 25, 2016.

Beazley plc is a holding company for the Beazley group, which is engaged in the specialist risk insurance and reinsurance business. The company has a market cap of 1.95 billion GBP.

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