Barclays Reaffirms “Underweight” Rating for Hiscox (HSX)
Hiscox (LON:HSX)‘s stock had its “underweight” rating reaffirmed by equities research analysts at Barclays in a research note issued to investors on Thursday. They currently have a GBX 562 ($9.30) price objective on the stock. Barclays’ target price suggests a potential downside of 14.33% from the stock’s previous close.
HSX has been the subject of a number of other recent research reports. Analysts at Westhouse Securities reiterated a “neutral” rating on shares of Hiscox in a research note on Friday, August 22nd. Separately, analysts at Deutsche Bank reiterated a “sell” rating on shares of Hiscox in a research note on Tuesday, August 19th. 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’s stock. The company presently has a consensus rating of “Hold” and an average target price of GBX 659.56 ($10.91).
Hiscox (LON:HSX) opened at 648.00 on Thursday. Hiscox has a 1-year low of GBX 632.00 and a 1-year high of GBX 795.715. The stock’s 50-day moving average is GBX 672. and its 200-day moving average is GBX 699.4. The company’s market cap is £2.062 billion.
The company also recently announced a dividend, which is scheduled for Wednesday, September 17th. Investors of record on Wednesday, August 6th will be paid a dividend of GBX 7.50 ($0.12) per share. This represents a dividend yield of 1.1%. The ex-dividend date 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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