Hiscox (HSX) Price Target Cut to GBX 1,711 by Analysts at Berenberg Bank

Hiscox (LON:HSX) had its price target decreased by Berenberg Bank from GBX 1,790 ($23.39) to GBX 1,711 ($22.36) in a report published on Tuesday. Berenberg Bank currently has a buy rating on the stock.

Several other equities research analysts also recently issued reports on the company. Royal Bank of Canada reaffirmed a sector perform rating on shares of Hiscox in a research report on Monday. Numis Securities reaffirmed a hold rating and issued a GBX 1,445 ($18.88) price target on shares of Hiscox in a research report on Monday. Shore Capital reaffirmed an under review rating on shares of Hiscox in a research report on Monday. Peel Hunt reaffirmed a reduce rating on shares of Hiscox in a research report on Wednesday, October 31st. Finally, Barclays raised their price target on Hiscox from GBX 1,314 ($17.17) to GBX 1,427 ($18.65) and gave the company an underweight rating in a research report on Friday, September 7th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average target price of GBX 1,501.92 ($19.63).

Shares of LON:HSX traded up GBX 29 ($0.38) during midday trading on Tuesday, hitting GBX 1,569 ($20.50). The company’s stock had a trading volume of 319,851 shares, compared to its average volume of 721,158. Hiscox has a fifty-two week low of GBX 1,069.50 ($13.97) and a fifty-two week high of GBX 1,526 ($19.94).

In other news, insider Bronek E. Masojada sold 50,000 shares of Hiscox 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 value of £847,500 ($1,107,408.86). Also, insider Hamayou Akbar Hussain sold 40,255 shares of Hiscox 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).

About Hiscox

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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