Barclays Reiterates Underweight Rating for Hiscox Ltd (HSX)
Hiscox Ltd (LON:HSX)‘s stock had its “underweight” rating restated by research analysts at Barclays in a report released on Tuesday, Analyst Ratings Net reports.
Hiscox Ltd (LON:HSX) opened at 627.00 on Tuesday. Hiscox Ltd has a 52 week low of GBX 512.50 and a 52 week high of GBX 702.50. The stock has a 50-day moving average of GBX 660.1 and a 200-day moving average of GBX 654.6. The company’s market cap is £2.216 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at Canaccord Genuity cut their price target on shares of Hiscox Ltd from GBX 700 ($11.50) to GBX 680 ($11.18) in a research note to investors on Friday. They now have a “hold” rating on the stock. Separately, analysts at Westhouse Securities reiterated a “neutral” rating on shares of Hiscox Ltd in a research note to investors on Thursday, January 30th. Finally, analysts at HSBC raised their price target on shares of Hiscox Ltd from GBX 571 ($9.38) to GBX 581 ($9.55) in a research note to investors on Tuesday, January 21st. They now have an “underweight” rating on the stock. Seven investment analysts have rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of GBX 598.29 ($9.83).
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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