Hiscox Downgraded by Numis Securities Ltd to “Hold” (HSX)
Hiscox (LON:HSX) was downgraded by Numis Securities Ltd to a “hold” rating in a research note issued on Wednesday. They currently have a GBX 710 ($12.06) price target on the stock, down from their previous price target of GBX 785 ($13.33). Numis Securities Ltd’s target price would suggest a potential upside of 4.01% from the company’s current price.
HSX has been the subject of a number of other recent research reports. Analysts at Canaccord Genuity raised their price target on shares of Hiscox from GBX 705 ($11.97) to GBX 710 ($12.06) in a research note on Tuesday. They now have a “hold” rating on the stock. Separately, analysts at Deutsche Bank cut their price target on shares of Hiscox from GBX 658 ($11.17) to GBX 646 ($10.97) in a research note on Tuesday. They now have a “sell” rating on the stock. Finally, 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. Five research analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of GBX 667.53 ($11.34).
Hiscox (LON:HSX) traded down 1.59% on Wednesday, hitting GBX 681.00. The stock had a trading volume of 194,529 shares. Hiscox has a one year low of GBX 661.50 and a one year high of GBX 795.715. The stock has a 50-day moving average of GBX 693.8 and a 200-day moving average of GBX 709.3. The company’s market cap is £2.242 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.
Hiscox Ltd is a holding company for subsidiaries involved in the business of insurance in the United Kingdom and overseas.
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