Hiscox Stock Rating Reaffirmed by Westhouse Securities (HSX)
Hiscox (LON:HSX)‘s stock had its “neutral” rating restated by research analysts at Westhouse Securities in a report released on Monday. They currently have a GBX 680 ($11.55) price target on the stock. Westhouse Securities’ price objective suggests a potential downside of 2.09% from the stock’s previous close.
Hiscox (LON:HSX) traded down 2.78% during mid-day trading on Monday, hitting GBX 683.00. The stock had a trading volume of 259,628 shares. Hiscox has a 52 week low of GBX 661.50 and a 52 week high of GBX 795.715. The stock’s 50-day moving average is GBX 694.0 and its 200-day moving average is GBX 709.8. The company’s market cap is £2.158 billion.
The company also recently declared a dividend, which is scheduled for Wednesday, September 17th. Shareholders of record on Wednesday, August 6th will be given a dividend of GBX 7.50 ($0.13) per share. This represents a yield of 1.1%. The ex-dividend date of this dividend is Wednesday, August 6th.
Several other analysts have also recently commented on the stock. Analysts at Espirito Santo Investment Bank Research reiterated a “neutral” rating on shares of Hiscox in a research note on Monday. They now have a GBX 673 ($11.43) price target on the stock. Separately, analysts at Oriel Securities Ltd reiterated a “hold” rating on shares of Hiscox in a research note on Tuesday, July 22nd. They now have a GBX 769.66 ($13.07) price target on the stock, up previously from GBX 685 ($11.63). Finally, analysts at Berenberg Bank upgraded shares of Hiscox to a “hold” rating in a research note on Friday, July 4th. They now have a GBX 706 ($11.99) price target on the stock, up previously from GBX 626 ($10.63). Five equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of GBX 667.46 ($11.33).
Hiscox Ltd is a holding company for subsidiaries involved in the business of insurance in the United Kingdom and overseas.
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