Hiscox Ltd (HSX) Receives Average Recommendation of “Hold” from Analysts

Hiscox Ltd (LON:HSX) has received an average recommendation of “Hold” from the twelve brokerages that are presently covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is GBX 1,264.56 ($17.15).

Several analysts recently commented on the company. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a GBX 1,375 ($18.65) target price on shares of Hiscox in a report on Wednesday, November 8th. Peel Hunt reaffirmed a “reduce” rating and set a GBX 910 ($12.34) target price on shares of Hiscox in a report on Thursday, January 4th. Shore Capital reaffirmed a “buy” rating on shares of Hiscox in a report on Tuesday, November 7th. Berenberg Bank assumed coverage on Hiscox in a report on Wednesday, December 13th. They set a “buy” rating and a GBX 1,580 ($21.43) target price on the stock. Finally, Barclays raised their target price on Hiscox from GBX 1,008 ($13.67) to GBX 1,190 ($16.14) and gave the stock an “underweight” rating in a report on Wednesday, October 25th.

Hiscox (HSX) traded down GBX 16 ($0.22) during trading on Friday, reaching GBX 1,428 ($19.37). The company had a trading volume of 633,309 shares, compared to its average volume of 412,533. The firm has a market capitalization of $4,100.00 and a price-to-earnings ratio of 1,741.46. Hiscox has a 12-month low of GBX 1,001 ($13.57) and a 12-month high of GBX 1,478 ($20.04).

In other Hiscox news, insider Richard Watson sold 50,000 shares of the stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of GBX 1,450 ($19.66), for a total transaction of £725,000 ($983,184.16). Also, insider Colin D. Keogh purchased 944 shares of the stock in a transaction on Thursday, December 14th. The shares were acquired at an average price of GBX 1,390 ($18.85) per share, for a total transaction of £13,121.60 ($17,794.41).

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About Hiscox

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.

Analyst Recommendations for Hiscox (LON:HSX)

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