Hiscox Ltd (HSX) Receives Consensus Recommendation of “Hold” from Analysts
Hiscox Ltd (LON:HSX) has been given an average rating of “Hold” by the fifteen brokerages that are presently covering the stock. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is GBX 1,026.36 ($12.51).
HSX has been the subject of a number of research analyst reports. Peel Hunt restated a “reduce” rating and set a GBX 830 ($10.12) price objective on shares of Hiscox in a report on Friday, June 24th. Barclays PLC boosted their price target on Hiscox from GBX 684 ($8.34) to GBX 714 ($8.70) and gave the company an “underweight” rating in a research note on Wednesday, June 29th. HSBC reiterated a “hold” rating and issued a GBX 972 ($11.85) price target on shares of Hiscox in a research note on Wednesday, June 29th. Credit Suisse Group AG reiterated an “outperform” rating and issued a GBX 1,150 ($14.02) price target on shares of Hiscox in a research note on Monday, July 4th. Finally, JPMorgan Chase & Co. reiterated an “overweight” rating and issued a GBX 1,125 ($13.71) price target on shares of Hiscox in a research note on Wednesday, July 20th.
Hiscox (LON:HSX) traded up 0.38% during midday trading on Wednesday, hitting GBX 1045.00. The stock had a trading volume of 283,573 shares. The company has a 50-day moving average of GBX 1,056.51 and a 200-day moving average of GBX 1,011.26. Hiscox has a 1-year low of GBX 896.50 and a 1-year high of GBX 1,106.00. The stock’s market cap is GBX 2.95 billion.
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In related news, insider Watson,Richard sold 96,234 shares of the stock in a transaction on Tuesday, August 2nd. The stock was sold at an average price of GBX 1,084 ($13.21), for a total value of £1,043,176.56 ($1,271,391.30). Also, insider Anne MacDonald acquired 2,823 shares of the firm’s stock in a transaction that occurred on Friday, September 30th. The stock was bought at an average price of GBX 1,041 ($12.69) per share, with a total value of £29,387.43 ($35,816.49).
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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