Hiscox Ltd (HSX) Stock Rating Reaffirmed by Peel Hunt
Hiscox Ltd (LON:HSX)‘s stock had its “reduce” rating restated by Peel Hunt in a report issued on Monday. They currently have a GBX 870 ($10.77) price target on the stock. Peel Hunt’s target price would indicate a potential downside of 16.51% from the company’s current price.
Several other equities analysts also recently weighed in on HSX. Canaccord Genuity increased their target price on Hiscox from GBX 865 ($10.71) to GBX 980 ($12.13) and gave the stock a “sell” rating in a research report on Tuesday, July 26th. JPMorgan Chase & Co. reiterated an “overweight” rating and set a GBX 1,125 ($13.92) target price on shares of Hiscox in a research report on Tuesday, July 26th. Barclays PLC increased their target price on Hiscox from GBX 684 ($8.47) to GBX 714 ($8.84) and gave the stock an “underweight” rating in a research report on Wednesday, June 29th. HSBC reiterated a “hold” rating and set a GBX 972 ($12.03) target price on shares of Hiscox in a research report on Wednesday, June 29th. Finally, Shore Capital reiterated a “buy” rating on shares of Hiscox in a research report on Monday, July 25th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of GBX 993.69 ($12.30).
Shares of Hiscox (LON:HSX) opened at 1040.00 on Monday. Hiscox has a 1-year low of GBX 896.50 and a 1-year high of GBX 1,106.00. The stock’s market cap is GBX 2.93 billion. The company’s 50-day moving average price is GBX 1,059.49 and its 200 day moving average price is GBX 1,009.11.
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 ($12.88) per share, for a total transaction of £29,387.43 ($36,370.58). Also, insider Watson,Richard sold 96,234 shares of the stock in a transaction dated Tuesday, August 2nd. The shares were sold at an average price of GBX 1,084 ($13.42), for a total value of £1,043,176.56 ($1,291,060.10).
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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