Hiscox Ltd (HSX) Receives Consensus Rating of “Hold” from Brokerages
Shares of Hiscox Ltd (LON:HSX) have earned an average rating of “Hold” from the twelve research firms that are covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is GBX 1,496.20 ($19.55).
A number of equities research analysts have commented on the stock. Peel Hunt reaffirmed a “reduce” rating on shares of Hiscox in a research report on Thursday, November 29th. UBS Group reaffirmed a “neutral” rating on shares of Hiscox in a research report on Tuesday, November 20th. Shore Capital reaffirmed an “under review” rating on shares of Hiscox in a research report on Monday, November 5th. Barclays lifted their target price on shares of Hiscox from GBX 1,427 ($18.65) to GBX 1,435 ($18.75) and gave the stock an “underweight” rating in a research report on Thursday, December 13th. Finally, Royal Bank of Canada cut their target price on shares of Hiscox from GBX 1,725 ($22.54) to GBX 1,650 ($21.56) and set a “sector performer” rating for the company in a research report on Tuesday, December 11th.
In other Hiscox news, insider Colin D. Keogh acquired 914 shares of the business’s stock in a transaction dated Friday, December 14th. The stock was purchased at an average price of GBX 1,602 ($20.93) per share, with a total value of £14,642.28 ($19,132.73).
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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