Hiscox Given “Underweight” Rating at Barclays (HSX)
Hiscox (LON:HSX)‘s stock had its “underweight” rating reiterated by analysts at Barclays in a research report issued to clients and investors on Friday. They currently have a GBX 607 ($10.31) price target on the stock. Barclays’ price target points to a potential downside of 10.01% from the company’s current price.
HSX has been the subject of a number of other recent research reports. Analysts at Credit Suisse reiterated a “neutral” rating on shares of Hiscox in a research note on Friday. They now have a GBX 655 ($11.12) price target on the stock. Separately, analysts at Numis Securities Ltd downgraded shares of Hiscox to a “hold” rating in a research note on Wednesday. They now have a GBX 710 ($12.06) price target on the stock, down previously from GBX 785 ($13.33). Finally, 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. Five investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of GBX 663.97 ($11.27).
Shares of Hiscox (LON:HSX) opened at 660.00 on Friday. Hiscox has a 52-week low of GBX 661.50 and a 52-week high of GBX 795.715. The stock has a 50-day moving average of GBX 693.5 and a 200-day moving average of GBX 709.0. The company’s market cap is £2.101 billion.
The company also recently declared a dividend, which is scheduled for Wednesday, September 17th. Stockholders 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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