Hiscox (LON:HSX) Receives Hold Rating from Berenberg Bank
Hiscox (LON:HSX)‘s stock had its “hold” rating reissued by investment analysts at Berenberg Bank in a note issued to investors on Tuesday, Digital Look reports. They presently have a GBX 1,581 ($20.66) price target on the stock. Berenberg Bank’s price objective would suggest a potential downside of 6.73% from the company’s previous close.
Other research analysts have also recently issued reports about the stock. Royal Bank of Canada cut their price target on shares of Hiscox from GBX 1,675 ($21.89) to GBX 1,628 ($21.27) and set a “sector performer” rating on the stock in a report on Tuesday, May 7th. Peel Hunt restated a “reduce” rating and issued a GBX 1,040 ($13.59) price target (down from GBX 1,130 ($14.77)) on shares of Hiscox in a report on Tuesday, May 7th. UBS Group restated a “neutral” rating on shares of Hiscox in a report on Friday, May 3rd. Shore Capital restated a “hold” rating on shares of Hiscox in a report on Wednesday, May 8th. Finally, Morgan Stanley began coverage on shares of Hiscox in a report on Friday, May 17th. They issued an “equal weight” rating and a GBX 1,619 ($21.16) price target on the stock. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of GBX 1,541.09 ($20.14).
Shares of LON HSX traded up GBX 12 ($0.16) during mid-day trading on Tuesday, reaching GBX 1,695 ($22.15). The company had a trading volume of 408,729 shares, compared to its average volume of 721,158. The company has a current ratio of 0.74, a quick ratio of 0.48 and a debt-to-equity ratio of 30.21. The stock has a market cap of $4.88 billion and a PE ratio of 38.26. Hiscox has a 52 week low of GBX 1,411 ($18.44) and a 52 week high of GBX 1,727 ($22.57).
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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