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.
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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.
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