Hiscox Ltd Rating Reiterated by Deutsche Bank (HSX)
Hiscox Ltd (LON:HSX)‘s stock had its “sell” rating restated by investment analysts at Deutsche Bank in a note issued to investors on Friday, AnalystRatingsNetwork.com reports. They currently have a GBX 597 ($9.58) price objective on the stock. Deutsche Bank’s price target indicates a potential downside of 10.90% from the company’s current price.
Shares of Hiscox Ltd (LON:HSX) opened at 662.00 on Friday. Hiscox Ltd has a 52 week low of GBX 501.91 and a 52 week high of GBX 674.50. The stock’s 50-day moving average is GBX 641.6 and its 200-day moving average is GBX 594.2. The company’s market cap is £2.339 billion.
A number of other analysts have also recently weighed in on HSX. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Hiscox Ltd in a research note to investors on Thursday. Separately, analysts at Westhouse Securities reiterated a “neutral” rating on shares of Hiscox Ltd in a research note to investors on Tuesday. Finally, analysts at Bank of America Corp. reiterated an “underperform” rating on shares of Hiscox Ltd in a research note to investors on Monday, September 30th. Six equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the stock. Hiscox Ltd has an average rating of “Hold” and an average target price of GBX 560.77 ($9.00).
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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