Morgan Stanley cut shares of Beazley (OTCMKTS:BZLYF) from an overweight rating to an equal weight rating in a report released on Monday, The Fly reports.
Several other equities analysts have also commented on BZLYF. HSBC initiated coverage on Beazley in a report on Monday, July 6th. They set a buy rating for the company. Peel Hunt raised Beazley from a reduce rating to a hold rating in a report on Thursday, October 1st. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Beazley has a consensus rating of Hold.
Shares of Beazley stock opened at $4.23 on Monday. Beazley has a fifty-two week low of $3.90 and a fifty-two week high of $8.04. The business has a 50-day moving average price of $4.62 and a 200 day moving average price of $4.98.
Beazley plc provides risk insurance and reinsurance solutions worldwide. The company's Marine segment underwrites various marine classes, including hull, energy, cargo and specie, piracy, satellite, aviation, kidnap and ransom, and war risks. Its Political, Accident & Contingency segment underwrites terrorism, political violence, expropriation, and credit risks, as well as contingency and risks associated with contract frustration.
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