Hiscox Ltd (HSX) PT Lowered to GBX 910
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.
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.
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