Hiscox PT Lowered to GBX 646 (HSX)
Equities research analysts at Deutsche Bank lowered their target price on shares of Hiscox (LON:HSX) from GBX 658 ($11.17) to GBX 646 ($10.97) in a research note issued to investors on Tuesday. The firm currently has a “sell” rating on the stock. Deutsche Bank’s price objective suggests a potential downside of 5.97% from the stock’s previous close.
Shares of Hiscox (LON:HSX) traded up 1.32% on Tuesday, hitting GBX 692.00. The stock had a trading volume of 195,707 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 709.6. The company’s market cap is £2.187 billion.
The company also recently announced a dividend, which is scheduled for Wednesday, September 17th. Stockholders of record on Wednesday, August 6th will be paid a dividend of GBX 7.50 ($0.13) per share. This represents a dividend yield of 1.1%. The ex-dividend date is Wednesday, August 6th.
Other equities research analysts have also recently issued reports about the stock. Analysts at Berenberg Bank reiterated a “hold” rating on shares of Hiscox in a research note on Monday. They now have a GBX 706 ($11.99) price target on the stock. Separately, analysts at Keefe, Bruyette & Woods reiterated a “market perform” rating on shares of Hiscox in a research note on Monday. They now have a GBX 650 ($11.04) price target on the stock. Finally, analysts at Westhouse Securities reiterated a “neutral” rating on shares of Hiscox in a research note on Monday. They now have a GBX 680 ($11.55) price target on the stock. Five research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have given a buy rating to the company. Hiscox has an average rating of “Hold” and an average target price of GBX 665.34 ($11.30).
Hiscox Ltd is a holding company for subsidiaries involved in the business of insurance in the United Kingdom and overseas.
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