Hiscox Ltd Stock Rating Reaffirmed by HSBC (HSX)
Hiscox Ltd (LON:HSX)‘s stock had its “underweight” rating reaffirmed by research analysts at HSBC in a report released on Tuesday, American Banking and Market News reports. They currently have a GBX 571 ($9.15) target price on the stock. HSBC’s price objective points to a potential downside of 15.53% from the company’s current price.
Hiscox Ltd (LON:HSX) opened at 661.00 on Tuesday. Hiscox Ltd has a one year low of GBX 501.91 and a one year high of GBX 691.00. The stock’s 50-day moving average is GBX 659.3 and its 200-day moving average is GBX 609.3. The company’s market cap is £2.336 billion.
HSX has been the subject of a number of other recent research reports. Analysts at Deutsche Bank reiterated a “sell” rating on shares of Hiscox Ltd in a research note to investors on Monday. They now have a GBX 597 ($9.57) price target on the stock. Separately, analysts at Numis Securities Ltd reiterated a “hold” rating on shares of Hiscox Ltd in a research note to investors on Monday. They now have a GBX 675 ($10.82) price target on the stock. Finally, analysts at Westhouse Securities reiterated a “neutral” rating on shares of Hiscox Ltd in a research note to investors on Monday. They now have a GBX 610 ($9.78) price target on the stock. Six research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of GBX 567.45 ($9.10).
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.