Shore Capital Reaffirms Buy Rating for Hiscox Ltd (HSX)
Other equities research analysts also recently issued reports about the stock. Peel Hunt reduced their price target on shares of Hiscox from GBX 880 ($11.49) to GBX 870 ($11.36) and set a reduce rating on the stock in a research note on Friday, September 9th. JPMorgan Chase & Co. reaffirmed an overweight rating and set a GBX 1,125 ($14.68) target price on shares of Hiscox in a research note on Wednesday, July 20th. Credit Suisse Group AG initiated coverage on shares of Hiscox in a research note on Monday, June 13th. They set an outperform rating and a GBX 1,150 ($15.01) target price on the stock. Canaccord Genuity upped their target price on shares of Hiscox from GBX 865 ($11.29) to GBX 980 ($12.79) and gave the stock a sell rating in a research note on Tuesday, July 26th. Finally, Barclays PLC upped their target price on shares of Hiscox from GBX 684 ($8.93) to GBX 714 ($9.32) and gave the stock an underweight rating in a research note on Wednesday, June 29th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company. The company presently has a consensus rating of Hold and an average price target of GBX 993.69 ($12.97).
Shares of Hiscox (LON:HSX) opened at 1044.00 on Wednesday. The firm has a 50-day moving average of GBX 1,060.49 and a 200 day moving average of GBX 1,007.27. The firm’s market capitalization is GBX 2.94 billion. Hiscox has a 52 week low of GBX 896.50 and a 52 week high of GBX 1,106.00.
In related news, insider Anne MacDonald bought 2,823 shares of the stock in a transaction dated Friday, September 30th. The stock was acquired at an average price of GBX 1,041 ($13.59) per share, for a total transaction of £29,387.43 ($38,359.78). Also, insider Keogh,Colin D bought 41 shares of the stock in a transaction dated Monday, September 12th. The stock was bought at an average price of GBX 1,036 ($13.52) per share, with a total value of £424.76 ($554.44).
Hiscox Company Profile
Hiscox Limited is a Bermuda-based specialist 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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