Hiscox Ltd (HSX) Receives “Outperform” Rating from Credit Suisse Group AG
Credit Suisse Group AG reaffirmed their outperform rating on shares of Hiscox Ltd (LON:HSX) in a research report sent to investors on Friday morning. Credit Suisse Group AG currently has a GBX 1,180 ($15.40) price objective on the stock.
A number of other brokerages also recently commented on HSX. Peel Hunt reissued a reduce rating and issued a GBX 830 ($10.83) price target on shares of Hiscox in a report on Monday, July 4th. JPMorgan Chase & Co. reissued an overweight rating and issued a GBX 1,125 ($14.68) price target on shares of Hiscox in a report on Monday, August 1st. Barclays PLC reissued an underweight rating on shares of Hiscox in a report on Monday, August 1st. Shore Capital reissued a buy rating on shares of Hiscox in a report on Wednesday, October 5th. Finally, Citigroup Inc. reissued a neutral rating and issued a GBX 1,045 ($13.64) price target on shares of Hiscox in a report on Wednesday, August 24th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the company. The stock presently has an average rating of Hold and an average price target of GBX 993.69 ($12.97).
Shares of Hiscox (LON:HSX) traded up 0.58% during midday trading on Friday, hitting GBX 1043.00. The stock had a trading volume of 146,791 shares. The company’s market cap is GBX 2.94 billion. Hiscox has a one year low of GBX 896.50 and a one year high of GBX 1,106.00. The stock has a 50 day moving average of GBX 1,060.49 and a 200-day moving average of GBX 1,007.27.
In related news, insider Watson,Richard sold 96,234 shares of the business’s stock in a transaction that occurred on Tuesday, August 2nd. The shares were sold at an average price of GBX 1,084 ($14.15), for a total value of £1,043,176.56 ($1,361,671.53). Also, insider Keogh,Colin D acquired 41 shares of the company’s stock in a transaction that occurred on Monday, September 12th. The stock was bought at an average price of GBX 1,036 ($13.52) per share, with a total value of £424.76 ($554.44).
Hiscox Limited is a Bermuda-based specialist 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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