Hiscox Ltd (HSX) Stock Rating Reaffirmed by Citigroup Inc.
Hiscox Ltd (LON:HSX)‘s stock had its “neutral” rating reissued by equities researchers at Citigroup Inc. in a report issued on Friday. They currently have a GBX 1,330 ($17.23) price objective on the stock. Citigroup Inc.’s target price would indicate a potential downside of 1.41% from the stock’s previous close.
Other research analysts have also recently issued reports about the company. Peel Hunt reissued a “reduce” rating and issued a GBX 840 ($10.88) target price on shares of Hiscox in a report on Monday, June 5th. Numis Securities Ltd reissued an “add” rating and issued a GBX 1,345 ($17.42) target price on shares of Hiscox in a report on Thursday, May 11th. Stockdale Securities reissued a “neutral” rating on shares of Hiscox in a report on Thursday, April 27th. Shore Capital reissued a “buy” rating on shares of Hiscox in a report on Tuesday, May 9th. Finally, Macquarie reissued an “outperform” rating and issued a GBX 1,200 ($15.54) target price on shares of Hiscox in a report on Tuesday, April 4th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of GBX 1,134.27 ($14.69).
Shares of Hiscox (LON HSX) opened at 1349.00 on Friday. Hiscox has a 1-year low of GBX 978.00 and a 1-year high of GBX 1,378.00. The firm’s market cap is GBX 3.77 billion. The stock’s 50 day moving average is GBX 1,234.20 and its 200-day moving average is GBX 1,113.15.
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In other news, insider Colin D. Keogh purchased 2,216 shares of the stock in a transaction that occurred on Wednesday, June 14th. The shares were acquired at an average price of GBX 1,248 ($16.17) per share, for a total transaction of £27,655.68 ($35,823.42). Also, insider Bronek E. Masojada sold 50,000 shares of the company’s stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of GBX 1,236 ($16.01), for a total value of £618,000 ($800,518.13).
Hiscox Company Profile
Hiscox Limited is a Bermuda-based 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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