Hiscox Ltd (HSX) Given Average Recommendation of “Hold” by Brokerages

Shares of Hiscox Ltd (LON:HSX) have been given an average rating of “Hold” by the twelve brokerages that are currently covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, five have given a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is GBX 1,296.10 ($17.91).

A number of equities analysts recently weighed in on HSX shares. Berenberg Bank started coverage on shares of Hiscox in a research note on Wednesday, December 13th. They set a “buy” rating and a GBX 1,580 ($21.83) target price for the company. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Hiscox in a research note on Thursday, November 16th. Peel Hunt reissued a “reduce” rating and set a GBX 910 ($12.57) target price on shares of Hiscox in a research note on Thursday, January 4th. Barclays lifted their target price on shares of Hiscox from GBX 1,190 ($16.44) to GBX 1,211 ($16.73) and gave the stock an “underweight” rating in a research note on Monday, December 11th. Finally, Shore Capital reissued a “buy” rating on shares of Hiscox in a research note on Tuesday, November 7th.

In related news, insider Colin D. Keogh purchased 944 shares of the firm’s stock in a transaction on Thursday, December 14th. The stock was purchased at an average cost of GBX 1,390 ($19.20) per share, with a total value of £13,121.60 ($18,128.76).

Shares of Hiscox (HSX) traded up GBX 15 ($0.21) during midday trading on Wednesday, reaching GBX 1,391 ($19.22). 418,168 shares of the company were exchanged, compared to its average volume of 443,168. Hiscox has a fifty-two week low of GBX 1,060 ($14.64) and a fifty-two week high of GBX 1,478 ($20.42). The company has a market capitalization of $3,970.00 and a P/E ratio of 1,696.34.

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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)

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