Hiscox Ltd (OTCMKTS:HCXLF) Given Average Rating of “Hold” by Analysts
Shares of Hiscox Ltd (OTCMKTS:HCXLF) have received a consensus recommendation of “Hold” from the fourteen ratings firms that are currently covering the stock, Marketbeat Ratings reports. Ten equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company.
A number of research analysts have issued reports on the company. Jefferies Financial Group downgraded Hiscox from a “buy” rating to a “hold” rating in a report on Thursday, January 21st. Exane BNP Paribas downgraded Hiscox from an “outperform” rating to a “neutral” rating in a report on Wednesday, March 10th. Credit Suisse Group reissued an “outperform” rating on shares of Hiscox in a report on Monday, February 1st. Berenberg Bank reissued a “hold” rating on shares of Hiscox in a report on Tuesday, January 19th. Finally, HSBC raised Hiscox from a “reduce” rating to a “hold” rating in a research note on Monday, January 18th.
Shares of OTCMKTS:HCXLF opened at $11.45 on Thursday. Hiscox has a 12-month low of $8.04 and a 12-month high of $14.56. The business has a 50 day moving average of $12.36 and a two-hundred day moving average of $12.67.
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 luxury motor via brokers, through a growing network of partnerships, and directly to consumers.
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