Hiscox Ltd’s “Underweight” Rating Reaffirmed at HSBC (HSX)
Hiscox Ltd (LON:HSX)‘s stock had its “underweight” rating reaffirmed by analysts at HSBC in a research report issued to clients and investors on Tuesday, Analyst Ratings Network.com reports. They currently have a GBX 581 ($9.54) target price on the stock. HSBC’s price target would indicate a potential downside of 9.22% from the company’s current price.
A number of other firms have also recently commented on HSX. Analysts at Numis Securities Ltd upgraded shares of Hiscox Ltd to an “add” rating in a research note to investors on Thursday, January 16th. Separately, analysts at Espirito Santo Investment Bank Research downgraded shares of Hiscox Ltd to a “neutral” rating in a research note to investors on Thursday, January 16th. They now have a GBX 673 ($11.05) price target on the stock, up previously from GBX 492 ($8.08). Finally, analysts at Westhouse Securities reiterated a “neutral” rating on shares of Hiscox Ltd in a research note to investors on Thursday, January 16th. Seven equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of GBX 599.07 ($9.83).
Hiscox Ltd (LON:HSX) opened at 636.50 on Tuesday. Hiscox Ltd has a 52 week low of GBX 507.753 and a 52 week high of GBX 702.50. The stock’s 50-day moving average is GBX 666.4 and its 200-day moving average is GBX 651.8. The company’s market cap is £2.249 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.