Brokerages Set Hiscox Ltd (HSX) Target Price at $1,533.00
Shares of Hiscox Ltd (LON:HSX) have earned a consensus recommendation of “Hold” from the twelve analysts that are presently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation and one has given a buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is GBX 1,533 ($20.03).
Several brokerages recently commented on HSX. UBS Group restated a “neutral” rating on shares of Hiscox in a report on Friday, May 3rd. Peel Hunt restated a “reduce” rating and set a GBX 1,040 ($13.59) target price (down previously from GBX 1,130 ($14.77)) on shares of Hiscox in a report on Tuesday, May 7th. Royal Bank of Canada reduced their target price on shares of Hiscox from GBX 1,675 ($21.89) to GBX 1,628 ($21.27) and set a “sector performer” rating for the company in a report on Tuesday, May 7th. Berenberg Bank increased their target price on shares of Hiscox from GBX 1,569 ($20.50) to GBX 1,581 ($20.66) and gave the stock a “hold” rating in a report on Thursday, May 9th. Finally, Shore Capital restated a “hold” rating on shares of Hiscox in a report on Wednesday, May 8th.
HSX traded up GBX 45 ($0.59) during trading hours on Friday, hitting GBX 1,654 ($21.61). 497,241 shares of the company’s stock were exchanged, compared to its average volume of 721,158. Hiscox has a 1-year low of GBX 1,411 ($18.44) and a 1-year high of GBX 1,727 ($22.57). The stock has a market capitalization of $4.73 billion and a price-to-earnings ratio of 37.34. The company has a current ratio of 0.74, a quick ratio of 0.48 and a debt-to-equity ratio of 30.21.
In other news, insider Thomas Hürlimann purchased 5,000 shares of the company’s stock in a transaction on Wednesday, February 27th. The shares were purchased at an average cost of GBX 1,580 ($20.65) per share, with a total value of £79,000 ($103,227.49). Also, insider Richard Watson sold 20,000 shares of the company’s stock in a transaction on Monday, February 25th. The stock was sold at an average price of GBX 1,641 ($21.44), for a total transaction of £328,200 ($428,851.43).
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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