Hiscox (HSX) Receives Hold Rating from Numis Securities

Numis Securities reiterated their hold rating on shares of Hiscox (LON:HSX) in a report issued on Monday. They currently have a GBX 1,445 ($18.88) price target on the stock.

A number of other research firms also recently weighed in on HSX. Berenberg Bank lifted their price target on shares of Hiscox from GBX 1,630 ($21.30) to GBX 1,790 ($23.39) and gave the company a buy rating in a research report on Monday, September 3rd. Peel Hunt reiterated a reduce rating on shares of Hiscox in a research report on Monday, October 15th. Canaccord Genuity reiterated a buy rating and issued a GBX 1,875 ($24.50) price target on shares of Hiscox in a research report on Thursday, September 6th. Royal Bank of Canada lifted their price target on shares of Hiscox from GBX 1,575 ($20.58) to GBX 1,725 ($22.54) and gave the company a sector performer rating in a research report on Tuesday, August 28th. Finally, Shore Capital reiterated an under review rating on shares of Hiscox in a research report on Monday. Two analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company. The company presently has an average rating of Hold and a consensus target price of GBX 1,501.92 ($19.63).

LON HSX opened at GBX 1,519.73 ($19.86) on Monday. Hiscox has a 1-year low of GBX 1,069.50 ($13.97) and a 1-year high of GBX 1,526 ($19.94).

In other Hiscox news, insider Bronek E. Masojada sold 50,000 shares of the business’s stock in a transaction that occurred on Friday, August 31st. The shares were 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 business’s 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 transaction 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.

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Analyst Recommendations for Hiscox (LON:HSX)

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