Hiscox Ltd (HSX) Rating Reiterated by Citigroup Inc.
Hiscox Ltd (LON:HSX)‘s stock had its “neutral” rating reaffirmed by research analysts at Citigroup Inc. in a report released on Thursday. They currently have a GBX 1,350 ($17.75) price target on the stock. Citigroup Inc.’s target price indicates a potential downside of 1.24% from the stock’s current price.
Several other research firms also recently weighed in on HSX. Credit Suisse Group downgraded Hiscox to a “neutral” rating and raised their price objective for the company from GBX 1,180 ($15.51) to GBX 1,305 ($17.16) in a report on Tuesday, July 18th. Peel Hunt raised their price objective on Hiscox from GBX 840 ($11.04) to GBX 980 ($12.88) and gave the company a “reduce” rating in a report on Tuesday, July 18th. Shore Capital reissued a “buy” rating on shares of Hiscox in a report on Monday, July 31st. J P Morgan Chase & Co reaffirmed an “overweight” rating and set a GBX 1,250 ($16.43) target price on shares of Hiscox in a report on Thursday, July 20th. Finally, Morgan Stanley initiated coverage on Hiscox in a report on Tuesday, July 25th. They set an “equal weight” rating and a GBX 1,380 ($18.14) target price on the stock. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of GBX 1,186.08 ($15.59).
Shares of Hiscox (LON:HSX) traded up 0.29% during trading on Thursday, hitting GBX 1367.00. The stock had a trading volume of 430,689 shares. The stock’s market capitalization is GBX 3.92 billion. The stock has a 50 day moving average price of GBX 1,272.91 and a 200-day moving average price of GBX 1,249.74. Hiscox has a one year low of GBX 978.00 and a one year high of GBX 1,378.00.
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In other Hiscox news, insider Colin D. Keogh acquired 1,057 shares of the company’s stock in a transaction dated Friday, September 29th. The shares were bought at an average cost of GBX 1,280 ($16.83) per share, with a total value of £13,529.60 ($17,788.06).
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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