Hiscox’s (HSX) Reduce Rating Reaffirmed at Peel Hunt
Hiscox Ltd (LON:HSX)‘s stock had its “reduce” rating reaffirmed by stock analysts at Peel Hunt in a report issued on Tuesday. They presently have a GBX 910 ($11.97) price target on the stock. Peel Hunt’s price objective would suggest a potential downside of 35.51% from the stock’s previous close.
A number of other brokerages have also recently commented on HSX. J P Morgan Chase & Co restated an “overweight” rating and set a GBX 1,250 ($16.44) price objective on shares of Hiscox in a research note on Tuesday, July 11th. Citigroup Inc. restated a “neutral” rating and set a GBX 1,330 ($17.49) price objective on shares of Hiscox in a research note on Friday, July 14th. Credit Suisse Group cut Hiscox to a “neutral” rating and boosted their price objective for the stock from GBX 1,180 ($15.52) to GBX 1,305 ($17.16) in a research note on Tuesday, July 18th. Morgan Stanley started coverage on Hiscox in a research note on Tuesday, July 25th. They set an “equal weight” rating and a GBX 1,380 ($18.15) price objective on the stock. Finally, Shore Capital restated a “buy” rating on shares of Hiscox in a research note on Monday, July 31st. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of GBX 1,201.25 ($15.80).
Hiscox (HSX) opened at GBX 1,411 ($18.56) on Tuesday. Hiscox has a fifty-two week low of GBX 978 ($12.86) and a fifty-two week high of GBX 1,446 ($19.02).
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In other Hiscox news, insider Colin D. Keogh purchased 1,057 shares of the business’s stock in a transaction that occurred on Friday, September 29th. The shares were acquired at an average price of GBX 1,280 ($16.84) per share, for a total transaction of £13,529.60 ($17,795.08).
Hiscox Company Profile
Hiscox Limited is a Bermuda-based insurer company. 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.
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