Credit Suisse Reiterates “Neutral” Rating for Hiscox (HSX)
Hiscox (LON:HSX)‘s stock had its “neutral” rating restated by stock analysts at Credit Suisse in a report issued on Friday. They currently have a GBX 655 ($11.12) price target on the stock. Credit Suisse’s target price would indicate a potential upside of 1.24% from the company’s current price.
Hiscox (LON:HSX) traded down 4.08% during mid-day trading on Friday, hitting GBX 647.00. 233,165 shares of the company’s stock traded hands. Hiscox has a one year low of GBX 647.00 and a one year high of GBX 795.715. The stock’s 50-day moving average is GBX 692.4 and its 200-day moving average is GBX 708.6. The company’s market cap is £2.059 billion.
The company also recently declared a dividend, which is scheduled for Wednesday, September 17th. Investors 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 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). Separately, 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. Finally, 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. Five investment analysts have rated the stock with a sell rating, eleven have given a hold rating and one has given a buy rating to the company. Hiscox has a consensus rating of “Hold” and a consensus target price of GBX 663.97 ($11.27).
Hiscox Ltd is a holding company for subsidiaries involved in the business of insurance in the United Kingdom and overseas.
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