Hiscox (HSX) Given New GBX 1,640 Price Target at UBS Group

Hiscox (LON:HSX) had its price target lowered by investment analysts at UBS Group from GBX 1,670 ($21.82) to GBX 1,640 ($21.43) in a research report issued on Tuesday, investing.thisismoney.co.uk reports. The brokerage presently has a “neutral” rating on the stock. UBS Group’s target price indicates a potential upside of 7.47% from the stock’s previous close.

HSX has been the subject of a number of other research reports. Peel Hunt reaffirmed a “reduce” rating on shares of Hiscox in a report on Monday, September 24th. Barclays increased their target price on Hiscox from GBX 1,314 ($17.17) to GBX 1,427 ($18.65) and gave the company an “underweight” rating in a report on Friday, September 7th. Numis Securities reissued a “hold” rating and set a GBX 1,445 ($18.88) target price on shares of Hiscox in a report on Monday. Shore Capital reissued an “under review” rating on shares of Hiscox in a report on Monday. Finally, Berenberg Bank reduced their target price on Hiscox from GBX 1,790 ($23.39) to GBX 1,711 ($22.36) and set a “buy” rating for the company in a report on Tuesday. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company’s stock. Hiscox presently has an average rating of “Hold” and an average price target of GBX 1,501.92 ($19.63).

LON HSX opened at GBX 1,526 ($19.94) on Tuesday. Hiscox has a twelve month low of GBX 1,069.50 ($13.97) and a twelve month high of GBX 1,526 ($19.94).

In other Hiscox news, insider Bronek E. Masojada sold 50,000 shares of the stock in a transaction that occurred on Friday, August 31st. The stock was sold at an average price of GBX 1,695 ($22.15), for a total transaction of £847,500 ($1,107,408.86). Also, insider Hamayou Akbar Hussain sold 40,255 shares of the stock in a transaction that occurred on Thursday, October 4th. The shares were sold at an average price of GBX 1,667 ($21.78), for a total value of £671,050.85 ($876,846.79).

Hiscox Company Profile

Hiscox Ltd, together with its subsidiaries, provides insurance and reinsurance services. The company operates through four segments: Hiscox Retail, Hiscox London Market, Hiscox Re & ILS, and Corporate Centre. It provides commercial insurance for small-and medium-sized businesses, including household, fine art and collectibles, and luxury motor via brokers, through a growing network of partnerships, and directly to consumers.

Further Reading: Return on Investment (ROI)

Analyst Recommendations for Hiscox (LON:HSX)

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