Hiscox (LON:HSX) Rating Reiterated by Peel Hunt
Peel Hunt reaffirmed their reduce rating on shares of Hiscox (LON:HSX) in a report issued on Monday, ThisIsMoney.Co.Uk reports.
Other research analysts have also issued research reports about the company. Morgan Stanley initiated coverage on Hiscox in a research report on Friday, May 17th. They issued an equal weight rating and a GBX 1,619 ($21.16) price target for the company. Berenberg Bank reiterated a hold rating and issued a GBX 1,581 ($20.66) price target on shares of Hiscox in a research report on Tuesday, June 11th. Canaccord Genuity lifted their price target on Hiscox from GBX 1,580 ($20.65) to GBX 1,600 ($20.91) and gave the stock a sell rating in a research report on Tuesday, July 30th. Barclays lifted their price target on Hiscox from GBX 1,390 ($18.16) to GBX 1,506 ($19.68) and gave the stock an underweight rating in a research report on Monday, July 8th. Finally, UBS Group restated a neutral rating on shares of Hiscox in a research report on Monday, July 29th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the stock. Hiscox has an average rating of Hold and an average target price of GBX 1,569.73 ($20.51).
HSX opened at GBX 1,579 ($20.63) on Monday. The firm has a market cap of $4.49 billion and a P/E ratio of 36.38. Hiscox has a 12 month low of GBX 1,411 ($18.44) and a 12 month high of GBX 1,795 ($23.45). The company has a current ratio of 0.44, a quick ratio of 0.10 and a debt-to-equity ratio of 30.74. The stock has a 50-day moving average of GBX 1,696.23 and a 200 day moving average of GBX 1,631.87.
In other Hiscox news, insider Richard Watson sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of GBX 1,585 ($20.71), for a total transaction of £158,500 ($207,108.32).
Hiscox Company Profile
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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