Hiscox Ltd (HSX) Given Consensus Recommendation of “Hold” by Brokerages
Shares of Hiscox Ltd (LON:HSX) have been given a consensus rating of “Hold” by the thirteen analysts that are currently covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is GBX 1,197.55 ($15.91).
A number of equities analysts have issued reports on HSX shares. Shore Capital reiterated a “buy” rating on shares of Hiscox in a report on Monday, July 31st. J P Morgan Chase & Co reiterated an “overweight” rating and set a GBX 1,250 ($16.61) target price on shares of Hiscox in a report on Thursday, July 20th. Peel Hunt reiterated a “reduce” rating and set a GBX 980 ($13.02) target price on shares of Hiscox in a report on Thursday, August 24th. Credit Suisse Group cut Hiscox to a “neutral” rating and increased their target price for the stock from GBX 1,180 ($15.68) to GBX 1,305 ($17.34) in a report on Tuesday, July 18th. Finally, Citigroup Inc. reiterated a “neutral” rating and set a GBX 1,330 ($17.67) target price on shares of Hiscox in a report on Friday, July 14th.
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In related news, insider Colin D. Keogh acquired 1,057 shares of the firm’s stock in a transaction dated Friday, September 29th. The stock was bought at an average price of GBX 1,280 ($17.01) per share, for a total transaction of £13,529.60 ($17,977.15).
Shares of Hiscox (HSX) traded up 0.30% on Thursday, reaching GBX 1357.00. The company’s stock had a trading volume of 1,697,434 shares. Hiscox has a 52-week low of GBX 978.00 and a 52-week high of GBX 1,378.00. The company has a 50 day moving average price of GBX 1,282.03 and a 200 day moving average price of GBX 1,255.89. The company’s market cap is GBX 3.84 billion.
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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