Hiscox’s “Hold” Rating Reiterated at Berenberg Bank (HSX)
Hiscox (LON:HSX)‘s stock had its “hold” rating reissued by analysts at Berenberg Bank in a research report issued to clients and investors on Monday. They currently have a GBX 683 ($11.33) price objective on the stock. Berenberg Bank’s target price would suggest a potential upside of 5.24% from the stock’s previous close.
Shares of Hiscox (LON:HSX) opened at 653.50 on Monday. Hiscox has a one year low of GBX 632.00 and a one year high of GBX 795.715. The stock has a 50-day moving average of GBX 669.6 and a 200-day moving average of GBX 698.7. The company’s market cap is £2.080 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 ($0.12) per share. This represents a dividend yield of 1.1%. The ex-dividend date is Wednesday, August 6th.
Several other analysts have also recently commented on the stock. Analysts at Barclays reiterated an “underweight” rating on shares of Hiscox in a research note on Thursday. They now have a GBX 562 ($9.33) price target on the stock. Separately, analysts at Westhouse Securities reiterated a “neutral” rating on shares of Hiscox in a research note on Friday, August 22nd. Finally, analysts at Deutsche Bank reiterated a “sell” rating on shares of Hiscox in a research note on Tuesday, August 19th. Five investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of GBX 659.56 ($10.95).
Hiscox Ltd is a holding company for subsidiaries involved in the business of insurance in the United Kingdom and overseas.
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