Hiscox Rating Increased to Hold at Berenberg Bank (HSX)
Hiscox (LON:HSX) was upgraded by analysts at Berenberg Bank to a “hold” rating in a research report issued to clients and investors on Friday. The firm currently has a GBX 706 ($12.03) target price on the stock, up from their previous target price of GBX 626 ($10.66). Berenberg Bank’s target price points to a potential downside of 2.96% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Nomura reiterated a “buy” rating on shares of Hiscox in a research note on Thursday. They now have a GBX 797.75 ($13.59) price target on the stock. Separately, analysts at Westhouse Securities reiterated a “neutral” rating on shares of Hiscox in a research note on Friday, June 27th. Finally, analysts at Credit Suisse reiterated a “neutral” rating on shares of Hiscox in a research note on Wednesday, June 25th. They now have a GBX 655 ($11.16) price target on the stock. Five research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of GBX 659.98 ($11.24).
Hiscox (LON:HSX) opened at 732.50 on Friday. Hiscox has a one year low of GBX 649.438 and a one year high of GBX 795.715. The stock’s 50-day moving average is GBX 689.4 and its 200-day moving average is GBX 717.5. The company’s market cap is £2.315 billion.
Hiscox Ltd is a holding company for subsidiaries involved in the business of insurance in the United Kingdom and overseas.
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