Hiscox Ltd (HSX) Earns “Overweight” Rating from J P Morgan Chase & Co
Hiscox Ltd (LON:HSX)‘s stock had its “overweight” rating reiterated by equities research analysts at J P Morgan Chase & Co in a report issued on Thursday. They presently have a GBX 1,250 ($16.32) price objective on the stock. J P Morgan Chase & Co’s target price indicates a potential downside of 7.89% from the company’s previous close.
Several other research analysts have also commented on HSX. Peel Hunt restated a “reduce” rating and set a GBX 840 ($10.97) price target on shares of Hiscox in a research note on Thursday, March 30th. Macquarie restated an “outperform” rating and set a GBX 1,200 ($15.67) price target on shares of Hiscox in a research note on Tuesday, April 4th. Stockdale Securities restated a “neutral” rating on shares of Hiscox in a research note on Tuesday, April 18th. Shore Capital restated a “buy” rating on shares of Hiscox in a research note on Tuesday, May 9th. Finally, Canaccord Genuity increased their price target on shares of Hiscox from GBX 980 ($12.80) to GBX 1,100 ($14.36) and gave the stock a “sell” rating in a research note on Thursday, May 11th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of GBX 1,158.36 ($15.13).
Shares of Hiscox (LON:HSX) traded up 0.15% during mid-day trading on Thursday, reaching GBX 1357.00. 401,048 shares of the company were exchanged. The company’s market capitalization is GBX 3.80 billion. Hiscox has a 12 month low of GBX 978.00 and a 12 month high of GBX 1,378.00. The firm’s 50-day moving average is GBX 1,282.74 and its 200-day moving average is GBX 1,147.29.
In other Hiscox news, insider Bronek E. Masojada sold 50,000 shares of the firm’s stock in a transaction on Friday, June 2nd. The shares were sold at an average price of GBX 1,236 ($16.14), for a total value of £618,000 ($806,999.22). Also, insider Colin D. Keogh purchased 2,216 shares of the firm’s stock in a transaction on Wednesday, June 14th. The stock was bought at an average price of GBX 1,248 ($16.30) per share, for a total transaction of £27,655.68 ($36,113.45).
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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