Hiscox’s (HSX) “Reduce” Rating Reaffirmed at Peel Hunt

Peel Hunt reaffirmed their reduce rating on shares of Hiscox Ltd (LON:HSX) in a research note released on Tuesday. The brokerage currently has a GBX 870 ($10.58) price objective on the stock.

A number of other analysts have also commented on the stock. Macquarie reaffirmed an outperform rating and set a GBX 1,180 ($14.35) target price on shares of Hiscox in a report on Friday, December 16th. Barclays PLC lifted their target price on shares of Hiscox from GBX 923 ($11.22) to GBX 969 ($11.78) and gave the stock an underweight rating in a report on Monday, December 12th. Royal Bank Of Canada reaffirmed a sector perform rating and set a GBX 1,150 ($13.99) target price on shares of Hiscox in a report on Wednesday, December 7th. Numis Securities Ltd raised shares of Hiscox to an add rating and set a GBX 1,225 ($14.90) target price for the company in a report on Thursday, November 24th. Finally, J P Morgan Chase & Co reaffirmed an overweight rating and set a GBX 1,125 ($13.68) target price on shares of Hiscox in a report on Tuesday, November 8th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of Hold and an average price target of GBX 1,047.36 ($12.74).

Analyst Recommendations for Hiscox (LON:HSX)

Hiscox (LON:HSX) traded down 0.59% during trading on Tuesday, hitting GBX 1014.00. 311,246 shares of the stock were exchanged. The firm’s market capitalization is GBX 2.86 billion. The stock has a 50 day moving average price of GBX 1,025.81 and a 200-day moving average price of GBX 1,042.81. Hiscox has a 12-month low of GBX 896.50 and a 12-month high of GBX 1,106.00.

COPYRIGHT VIOLATION WARNING: This piece of content was originally published by Sports Perspectives and is the sole property of of Sports Perspectives. If you are accessing this piece of content on another website, it was illegally stolen and reposted in violation of United States and international copyright and trademark law. The original version of this piece of content can be read at https://sportsperspectives.com/2017/01/11/hiscoxs-hsx-reduce-rating-reaffirmed-at-peel-hunt.html.

In related news, insider Richard Watson sold 28,231 shares of the company’s stock in a transaction dated Tuesday, December 13th. The shares were sold at an average price of GBX 1,010 ($12.28), for a total value of £285,133.10 ($346,750.70). Also, insider Anne MacDonald purchased 2,309 shares of the firm’s stock in a transaction that occurred on Wednesday, December 14th. The stock was bought at an average price of GBX 1,004 ($12.21) per share, for a total transaction of £23,182.36 ($28,192.10).

About Hiscox

Hiscox Limited is a Bermuda-based insurer. 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.

Receive News & Ratings for Hiscox Ltd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hiscox Ltd and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply