Hiscox’s (HSX) “Overweight” Rating Reiterated at JPMorgan Chase & Co.

JPMorgan Chase & Co. restated their overweight rating on shares of Hiscox (LON:HSX) in a research report released on Tuesday.

A number of other analysts have also recently issued reports on HSX. Peel Hunt reissued a reduce rating on shares of Hiscox in a report on Friday, September 14th. Shore Capital reaffirmed an under review rating on shares of Hiscox in a report on Monday, November 5th. Numis Securities reaffirmed a hold rating and issued a GBX 1,445 ($18.88) price target on shares of Hiscox in a report on Monday, November 5th. Royal Bank of Canada reaffirmed a sector perform rating on shares of Hiscox in a report on Monday, November 5th. Finally, Berenberg Bank lowered their price target on Hiscox from GBX 1,790 ($23.39) to GBX 1,711 ($22.36) and set a buy rating on the stock in a report on Tuesday, November 6th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has given a buy rating to the company. The stock currently has an average rating of Hold and a consensus target price of GBX 1,462.50 ($19.11).

Shares of HSX opened at GBX 1,539 ($20.11) on Tuesday. Hiscox has a 52-week low of GBX 1,069.50 ($13.97) and a 52-week high of GBX 1,526 ($19.94).

In other news, insider Colin D. Keogh acquired 914 shares of the firm’s stock in a transaction that occurred on Friday, December 14th. The shares were bought at an average cost of GBX 1,602 ($20.93) per share, with a total value of £14,642.28 ($19,132.73).

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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