Hiscox Ltd (LON:HSX) had its price target cut by analysts at Peel Hunt from GBX 980 ($13.18) to GBX 910 ($12.24) in a report issued on Friday. The brokerage currently has a “reduce” rating on the stock. Peel Hunt’s target price points to a potential downside of 28.91% from the stock’s previous close.

HSX has been the subject of a number of other research reports. J P Morgan Chase & Co restated an “overweight” rating and issued a GBX 1,250 ($16.81) target price on shares of Hiscox in a research note on Tuesday, August 1st. Morgan Stanley started coverage on Hiscox in a research note on Tuesday, July 25th. They issued an “equal weight” rating and a GBX 1,380 ($18.56) target price for the company. Stockdale Securities reiterated a “neutral” rating on shares of Hiscox in a research note on Wednesday, August 2nd. Shore Capital reiterated a “buy” rating on shares of Hiscox in a research note on Monday, July 31st. Finally, Citigroup Inc. reiterated a “neutral” rating and set a GBX 1,330 ($17.89) price objective on shares of Hiscox in a research note on Friday, July 14th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company’s stock. Hiscox presently has a consensus rating of “Hold” and a consensus price target of GBX 1,184.42 ($15.93).

Shares of Hiscox (LON HSX) opened at 1280.00 on Friday. Hiscox has a 12-month low of GBX 978.00 and a 12-month high of GBX 1,378.00. The firm’s 50-day moving average price is GBX 1,294.43 and its 200 day moving average price is GBX 1,224.45. The company’s market cap is GBX 3.62 billion.

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In other Hiscox news, insider Colin D. Keogh bought 1,057 shares of the company’s stock in a transaction dated Friday, September 29th. The shares were purchased at an average cost of GBX 1,280 ($17.21) per share, for a total transaction of £13,529.60 ($18,194.73).

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.

Analyst Recommendations for Hiscox (LON:HSX)

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