Beazley (LON:BEZ) Share Price Crosses Above 200 Day Moving Average - Should You Sell?

Shares of Beazley plc (LON:BEZ - Get Free Report) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 706.52 ($9.16) and traded as high as GBX 792.25 ($10.27). Beazley shares last traded at GBX 773 ($10.02), with a volume of 720,314 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank raised their target price on shares of Beazley from GBX 880 ($11.41) to GBX 950 ($12.32) and gave the company a "buy" rating in a report on Thursday, August 8th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, Beazley currently has an average rating of "Buy" and an average target price of GBX 943 ($12.23).

Beazley Price Performance

The company has a quick ratio of 6.45, a current ratio of 21.78 and a debt-to-equity ratio of 14.99. The firm's 50 day simple moving average is GBX 769.06 and its 200 day simple moving average is GBX 707.32. The company has a market capitalization of £4.84 billion, a PE ratio of 521.96, a price-to-earnings-growth ratio of 1.57 and a beta of 0.68.

Insiders Place Their Bets

In other news, insider Fiona Muldoon acquired 10,000 shares of the company's stock in a transaction on Friday, September 27th. The stock was bought at an average cost of GBX 779 ($10.10) per share, with a total value of £77,900 ($101,024.51). 2.31% of the stock is owned by insiders.

About Beazley

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.