Hiscox Ltd (HSX) PT Raised to GBX 1,190

Hiscox Ltd (LON:HSX) had its price objective lifted by research analysts at Barclays PLC from GBX 1,008 ($13.30) to GBX 1,190 ($15.70) in a note issued to investors on Wednesday. The brokerage currently has an “underweight” rating on the stock. Barclays PLC’s price objective would indicate a potential downside of 15.30% from the company’s current price.

HSX has been the topic of a number of other reports. JPMorgan Chase & Co. restated an “overweight” rating and set a GBX 1,250 ($16.50) price target on shares of Hiscox in a research note on Tuesday, August 1st. Peel Hunt restated a “reduce” rating and set a GBX 980 ($12.93) price target on shares of Hiscox in a research note on Wednesday, August 30th. Citigroup Inc. restated a “neutral” rating and set a GBX 1,350 ($17.81) price target on shares of Hiscox in a research note on Thursday, October 12th. Finally, Morgan Stanley initiated coverage on shares of Hiscox in a research note on Tuesday, July 25th. They set an “equal weight” rating and a GBX 1,380 ($18.21) price target on the stock. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of GBX 1,201.25 ($15.85).

Shares of Hiscox (LON HSX) remained flat at GBX 1405.00 during midday trading on Wednesday. The company had a trading volume of 379,875 shares. The firm’s market cap is GBX 3.97 billion. Hiscox has a 52 week low of GBX 978.00 and a 52 week high of GBX 1,415.00. The company has a 50 day moving average price of GBX 1,297.03 and a 200-day moving average price of GBX 1,265.09.

COPYRIGHT VIOLATION NOTICE: This piece was originally published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this piece on another publication, it was copied illegally and republished in violation of U.S. & international copyright & trademark laws. The correct version of this piece can be viewed at https://www.dispatchtribunal.com/2017/10/27/hiscox-ltd-hsx-pt-raised-to-gbx-1190.html.

In other news, insider Colin D. Keogh bought 1,057 shares of the stock in a transaction on Friday, September 29th. The shares were acquired at an average cost of GBX 1,280 ($16.89) per share, for a total transaction of £13,529.60 ($17,853.79).

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)

Receive News & Ratings for Hiscox Ltd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hiscox Ltd and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply