Barclays PLC Reiterates Underweight Rating for Hiscox Ltd (HSX)
Barclays PLC reiterated their underweight rating on shares of Hiscox Ltd (LON:HSX) in a research note released on Tuesday morning. Barclays PLC currently has a GBX 1,008 ($13.59) target price on the stock.
Other analysts have also issued reports about the company. Credit Suisse Group lowered Hiscox to a neutral rating and boosted their price objective for the stock from GBX 1,180 ($15.91) to GBX 1,305 ($17.59) in a report on Tuesday, July 18th. Peel Hunt reissued a reduce rating and set a GBX 840 ($11.33) price objective on shares of Hiscox in a report on Monday, June 5th. Citigroup Inc. reissued a neutral rating and set a GBX 1,330 ($17.93) price objective on shares of Hiscox in a report on Friday, July 14th. Stockdale Securities reissued a neutral rating on shares of Hiscox in a report on Wednesday, August 2nd. Finally, Shore Capital reissued a buy rating on shares of Hiscox in a report on Monday, July 31st. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of Hold and a consensus target price of GBX 1,190.25 ($16.05).
Hiscox (LON HSX) opened at 1224.00 on Tuesday. The company’s market capitalization is GBX 3.46 billion. The firm has a 50-day moving average price of GBX 1,294.43 and a 200-day moving average price of GBX 1,224.45. Hiscox has a 1-year low of GBX 978.00 and a 1-year high of GBX 1,378.00.
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The firm also recently announced a dividend, which was paid on Wednesday, September 13th. Stockholders of record on Thursday, August 10th were issued a GBX 9.50 ($0.13) dividend. This represents a dividend yield of 0.7%. The ex-dividend date of this dividend was Thursday, August 10th.
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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