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 report issued on Thursday. They presently have a GBX 980 ($12.66) price target on the stock. Peel Hunt’s price target indicates a potential downside of 19.93% from the company’s previous close.
A number of other research firms have also recently commented on HSX. Shore Capital restated a “buy” rating on shares of Hiscox in a research report on Monday, July 31st. J P Morgan Chase & Co restated an “overweight” rating and issued a GBX 1,250 ($16.14) price objective on shares of Hiscox in a research report on Thursday, July 20th. Credit Suisse Group cut Hiscox to a “neutral” rating and boosted their price objective for the company from GBX 1,180 ($15.24) to GBX 1,305 ($16.85) in a research report on Tuesday, July 18th. Citigroup Inc. restated a “neutral” rating and issued a GBX 1,330 ($17.18) price objective on shares of Hiscox in a research report on Friday, July 14th. Finally, Canaccord Genuity boosted their price objective on Hiscox from GBX 980 ($12.66) to GBX 1,100 ($14.21) and gave the company a “sell” rating in a research report on Thursday, May 11th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. Hiscox presently has an average rating of “Hold” and a consensus target price of GBX 1,176.83 ($15.20).
Hiscox (LON HSX) traded down 0.08% on Thursday, reaching GBX 1224.00. The company’s stock had a trading volume of 558,615 shares. The company’s market capitalization is GBX 3.46 billion. Hiscox has a 12-month low of GBX 978.00 and a 12-month high of GBX 1,378.00. The firm has a 50-day moving average of GBX 1,312.54 and a 200 day moving average of GBX 1,213.87.
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In related news, insider Colin D. Keogh acquired 2,216 shares of the stock in a transaction on Wednesday, June 14th. The shares were bought at an average price of GBX 1,248 ($16.12) per share, with a total value of £27,655.68 ($35,717.01).
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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