Hiscox (HSX) Price Target Cut to GBX 1,165
Hiscox (LON:HSX) had its target price lowered by Peel Hunt from GBX 1,220 ($15.94) to GBX 1,165 ($15.22) in a research report report published on Friday morning. Peel Hunt currently has a reduce rating on the stock.
HSX has been the subject of a number of other research reports. UBS Group cut their target price on shares of Hiscox from GBX 1,670 ($21.82) to GBX 1,640 ($21.43) and set a neutral rating for the company in a research report on Tuesday, November 6th. Berenberg Bank cut their price objective on shares of Hiscox from GBX 1,790 ($23.39) to GBX 1,711 ($22.36) and set a buy rating for the company in a research report on Tuesday, November 6th. Canaccord Genuity restated a buy rating and issued a GBX 1,875 ($24.50) price objective on shares of Hiscox in a research report on Thursday, September 6th. Royal Bank of Canada restated a sector perform rating on shares of Hiscox in a research report on Monday, November 5th. Finally, Numis Securities restated a hold rating and issued a GBX 1,445 ($18.88) price objective on shares of Hiscox in a research report on Monday, November 5th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of Hold and a consensus price target of GBX 1,497.33 ($19.57).
Shares of LON:HSX opened at GBX 1,601 ($20.92) on Friday. Hiscox has a twelve month low of GBX 1,069.50 ($13.97) and a twelve month high of GBX 1,526 ($19.94).
Hiscox Ltd, together with its subsidiaries, provides insurance and reinsurance services. The company operates through four segments: Hiscox Retail, Hiscox London Market, Hiscox Re & ILS, and Corporate Centre. It provides commercial insurance for small-and medium-sized businesses, including household, fine art and collectibles, and luxury motor via brokers, through a growing network of partnerships, and directly to consumers.
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