Barclays Increases Hiscox (HSX) Price Target to GBX 1,211
Hiscox (LON:HSX) had its price target raised by stock analysts at Barclays from GBX 1,190 ($16.02) to GBX 1,211 ($16.30) in a research note issued to investors on Monday. The brokerage currently has an “underweight” rating on the stock. Barclays’ price target indicates a potential downside of 10.69% from the stock’s previous close.
A number of other research firms have also recently commented on HSX. J P Morgan Chase & Co reissued an “overweight” rating and set a GBX 1,375 ($18.51) target price on shares of Hiscox in a research report on Wednesday, November 8th. Shore Capital reissued a “buy” rating on shares of Hiscox in a research report on Tuesday, November 7th. Peel Hunt reissued a “reduce” rating and set a GBX 910 ($12.25) target price on shares of Hiscox in a research report on Tuesday, November 7th. Finally, Citigroup reissued a “neutral” rating and set a GBX 1,350 ($18.17) target price on shares of Hiscox in a research report on Thursday, October 12th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of GBX 1,223.60 ($16.47).
Shares of Hiscox (LON:HSX) opened at GBX 1,356 ($18.25) on Monday. Hiscox has a 52-week low of GBX 978 ($13.16) and a 52-week high of GBX 1,470 ($19.78).
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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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