Hiscox Ltd Given New GBX 564 Price Target at Berenberg Bank (HSX)
Analysts at Berenberg Bank lifted their price target on shares of Hiscox Ltd (LON:HSX) from GBX 519 ($8.31) to GBX 564 ($9.03) in a research report issued to clients and investors on Friday, Stock Ratings Network.com reports. The firm currently has a “sell” rating on the stock. Berenberg Bank’s price objective suggests a potential downside of 13.03% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Westhouse Securities reiterated a “neutral” rating on shares of Hiscox Ltd (LON:HSX) in a research note to investors on Thursday. Separately, analysts at Goldman Sachs Group Inc. raised their price target on shares of Hiscox Ltd (LON:HSX) from GBX 495.51 ($7.94) to GBX 520 ($8.33) in a research note to investors on Wednesday, September 18th. They now have a “sell” rating on the stock. Finally, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Hiscox Ltd (LON:HSX) in a research note to investors on Friday, September 13th. Six research analysts have rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of GBX 564.72 ($9.05).
Shares of Hiscox Ltd (LON:HSX) traded down 0.54% on Friday, hitting GBX 648.50. 124,608 shares of the company’s stock traded hands. Hiscox Ltd has a 52 week low of GBX 501.91 and a 52 week high of GBX 668.50. The stock has a 50-day moving average of GBX 641.6 and a 200-day moving average of GBX 594.2. The company’s market cap is £2.292 billion.
Hiscox Ltd is a holding company. The Company is a specialist insurer that provides insurance and reinsurance services to its clients in Bermuda, the United Sates, the United Kingdom, Guernsey and Europe.
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