Beazley (BEZ.L) 27-02-20
Beazley (BEZ.L): will it break the 538p key support level, or bounce to highs of 606p (+11%)?
- Currently trading around the 538p support. The current price is 542p (at time of writing).
- Support levels like these are often used by traders to assist with decision making.
- Strong support levels often suggest that there may be ‘hot money’ looking to buy at the key level. Of course, valuations can change.
- Will the share price rally again to recent highs of 606p? (+11%).
- Shares -13% from 12-month highs; +7% from 12 month lows.
Latest News
26 Feb: JP Morgan Cazenove reiterates its overweight rating on Beazley (BEZ) and increased the target price to 660p (from 600p).
13 Feb: Jefferies International has downgraded its rating on Beazley (BEZ) to hold (from buy) and reduced the target price to 611p (from 616p).
12 Feb: Andrew Horton, Chief Executive Officer, sold 40,723 shares within the firm on the 10th February 2020 at a price of 599p. This Director currently has 1,968,179 shares.
12 Feb: Andrew Horton, Chief Executive Officer, sold post-exercise 38,864 shares within the firm on the 10th February 2020 at a price of 599p. This Director currently has 1,929,315 shares.
12 Feb: Adrian Cox, Executive Director, sold 35,836 shares within the firm on the 10th February 2020 at a price of 599p. This Director currently has 10,352,345 shares.
12 Feb: Adrian Cox, Executive Director, sold 35,836 shares within the firm on the 10th February 2020 at a price of 599p. This Director currently has 10,352,345 shares.
11 Feb: Peel Hunt reiterates its reduce rating on Beazley (BEZ) and reduced the target price to 440p (from 450p).
Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires