Hiscox Ltd (HSX) Earns “Reduce” Rating from Peel Hunt
Hiscox Ltd (LON:HSX)‘s stock had its “reduce” rating restated by research analysts at Peel Hunt in a research note issued to investors on Thursday. They presently have a GBX 870 ($11.36) target price on the stock. Peel Hunt’s target price indicates a potential downside of 20.48% from the company’s previous close.
HSX has been the topic of several other research reports. Canaccord Genuity lifted their price objective on shares of Hiscox from GBX 865 ($11.29) to GBX 980 ($12.79) and gave the company a “sell” rating in a research report on Tuesday, July 26th. JPMorgan Chase & Co. reiterated an “overweight” rating and set a GBX 1,125 ($14.68) price objective on shares of Hiscox in a research report on Tuesday, July 26th. Barclays PLC lifted their price objective on shares of Hiscox from GBX 684 ($8.93) to GBX 714 ($9.32) and gave the company an “underweight” rating in a research report on Wednesday, June 29th. HSBC reiterated a “hold” rating and set a GBX 972 ($12.69) price objective on shares of Hiscox in a research report on Wednesday, June 29th. Finally, Shore Capital reiterated a “buy” rating on shares of Hiscox in a research report on Monday, July 25th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the stock. Hiscox has a consensus rating of “Hold” and a consensus price target of GBX 993.69 ($12.97).
Shares of Hiscox (LON:HSX) opened at 1100.00 on Thursday. Hiscox has a 12 month low of GBX 896.50 and a 12 month high of GBX 1,106.00. The stock’s market cap is GBX 3.10 billion. The firm’s 50-day moving average is GBX 1,067.11 and its 200 day moving average is GBX 998.80.
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The firm also recently declared a dividend, which was paid on Friday, September 9th. Investors of record on Thursday, August 4th were given a GBX 8.50 ($0.11) dividend. This represents a yield of 0.8%. The ex-dividend date was Thursday, August 4th.
In other Hiscox news, insider Jansen,Ernst purchased 2,288 shares of Hiscox stock in a transaction that occurred on Thursday, June 30th. The shares were bought at an average price of GBX 997 ($13.01) per share, for a total transaction of £22,811.36 ($29,775.96). Also, insider Keogh,Colin D purchased 41 shares of Hiscox stock in a transaction that occurred on Monday, September 12th. The stock was acquired at an average price of GBX 1,036 ($13.52) per share, for a total transaction of £424.76 ($554.44).
Hiscox Limited is a Bermuda-based specialist insurer company. The Company is a holding company for subsidiaries involved in the business of insurance and reinsurance in Bermuda, the United States, the United Kingdom, Guernsey, Europe and Asia. It operates through four segments: Hiscox Retail, Hiscox London Market, Hiscox Re and Corporate Centre.
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