Hiscox’s (LON:HSX) “Hold” Rating Reiterated at Stockdale Securities

Hiscox (LON:HSX)‘s stock had its “hold” rating restated by research analysts at Stockdale Securities in a research report issued on Tuesday, February 6th. They currently have a GBX 1,580 ($21.83) target price on the stock. Stockdale Securities’ price target indicates a potential upside of 15.19% from the stock’s current price.

Other equities research analysts have also recently issued research reports about the company. Shore Capital reissued a “buy” rating on shares of Hiscox in a research note on Tuesday, November 7th. Berenberg Bank started coverage on Hiscox in a research note on Wednesday, December 13th. They issued a “buy” rating and a GBX 1,580 ($21.83) price target for the company. Citigroup reissued a “neutral” rating and issued a GBX 1,350 ($18.65) price target on shares of Hiscox in a research note on Thursday, October 12th. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Hiscox in a research report on Friday, January 5th. Finally, Peel Hunt reaffirmed a “reduce” rating and set a GBX 910 ($12.57) target price on shares of Hiscox in a research report on Tuesday, November 7th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of GBX 1,303.27 ($18.01).

Shares of Hiscox (LON:HSX) opened at GBX 1,371.67 ($18.95) on Tuesday. The stock has a market cap of $3,940.00 and a P/E ratio of 1,672.77. Hiscox has a 52 week low of GBX 1,060 ($14.64) and a 52 week high of GBX 1,478 ($20.42).

In other Hiscox news, insider Roberts S. Childs sold 30,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of GBX 1,416 ($19.56), for a total transaction of £424,800 ($586,902.46). Also, insider Colin D. Keogh acquired 944 shares of Hiscox stock in a transaction dated Thursday, December 14th. The stock was acquired at an average cost of GBX 1,390 ($19.20) per share, with a total value of £13,121.60 ($18,128.76).

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About Hiscox

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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