Hiscox’s (HSX) Reduce Rating Reiterated at Peel Hunt
HSX has been the subject of a number of other research reports. Barclays lifted their price objective on shares of Hiscox from GBX 1,314 ($17.12) to GBX 1,427 ($18.59) and gave the company an underweight rating in a report on Friday, September 7th. Royal Bank of Canada lifted their price objective on shares of Hiscox from GBX 1,575 ($20.52) to GBX 1,725 ($22.47) and gave the company a sector performer rating in a report on Tuesday, August 28th. Canaccord Genuity restated a buy rating and issued a GBX 1,875 ($24.42) price objective on shares of Hiscox in a report on Thursday, September 6th. Berenberg Bank lifted their price objective on shares of Hiscox from GBX 1,630 ($21.23) to GBX 1,790 ($23.32) and gave the company a buy rating in a report on Monday, September 3rd. Finally, Numis Securities restated a hold rating on shares of Hiscox in a report on Monday, July 30th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus price target of GBX 1,533.36 ($19.97).
Shares of HSX stock opened at GBX 1,666 ($21.70) on Monday. Hiscox has a fifty-two week low of GBX 1,069.50 ($13.93) and a fifty-two week high of GBX 1,526 ($19.88).
In other Hiscox news, insider Bronek E. Masojada sold 50,000 shares of the business’s stock in a transaction that occurred on Friday, August 31st. The shares were sold at an average price of GBX 1,695 ($22.08), for a total transaction of £847,500 ($1,103,946.85).
Hiscox Company Profile
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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