Hiscox (HSX) PT Raised to GBX 1,675 at Royal Bank of Canada
Hiscox (LON:HSX) had its price target hoisted by Royal Bank of Canada from GBX 1,600 ($20.91) to GBX 1,675 ($21.89) in a research note published on Thursday. They currently have a sector performer rating on the stock.
A number of other analysts also recently issued reports on the stock. UBS Group reaffirmed a neutral rating on shares of Hiscox in a report on Thursday, January 3rd. Berenberg Bank boosted their price target on shares of Hiscox from GBX 170 ($2.22) to GBX 1,470 ($19.21) and gave the stock a hold rating in a research note on Monday, December 10th. Peel Hunt reissued a reduce rating and issued a GBX 1,055 ($13.79) price target (down from GBX 1,165 ($15.22)) on shares of Hiscox in a research note on Monday, January 7th. JPMorgan Chase & Co. reissued an overweight rating on shares of Hiscox in a research note on Tuesday, January 8th. Finally, Barclays boosted their price target on shares of Hiscox from GBX 1,435 ($18.75) to GBX 1,447 ($18.91) and gave the stock an underweight rating in a research note on Monday, January 21st. Two research analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company. The stock has a consensus rating of Hold and a consensus target price of GBX 1,514.67 ($19.79).
LON HSX opened at GBX 1,567 ($20.48) on Thursday. Hiscox has a 52-week low of GBX 1,069.50 ($13.97) and a 52-week high of GBX 1,526 ($19.94).
In other news, insider Thomas Hürlimann acquired 5,000 shares of the firm’s stock in a transaction on Wednesday, February 27th. The shares were purchased at an average price of GBX 1,580 ($20.65) per share, for a total transaction of £79,000 ($103,227.49). Also, insider Roberts S. Childs sold 400 shares of the business’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of GBX 1,630 ($21.30), for a total transaction of £6,520 ($8,519.53).
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.
Further Reading: Debt-To-Equity Ratio
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