The Hiscox Ltd (HSX) Given Reduce Rating at Peel Hunt

The Hiscox Ltd (HSX) Given Reduce Rating at Peel Hunt

A number of other research analysts have also weighed in on HSX. Numis Securities Ltd reiterated an “add” rating and issued a GBX 1,345 ($17.28) price objective on shares of Hiscox in a research note on Thursday, May 11th. Canaccord Genuity lifted their price objective on shares of Hiscox from GBX 980 ($12.59) to GBX 1,100 ($14.13) and gave the company a “sell” rating in a research note on Thursday, May 11th. Shore Capital reiterated a “buy” rating on shares of Hiscox in a research note on Monday, February 27th. JPMorgan Chase & Co. lifted their price objective on shares of Hiscox from GBX 1,155 ($14.84) to GBX 1,250 ($16.06) and gave the company an “overweight” rating in a research note on Wednesday, May 10th. Finally, Stockdale Securities reiterated a “neutral” rating on shares of Hiscox in a research note on Thursday, April 27th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of GBX 1,101.27 ($14.15).

Hiscox Ltd (LON:HSX)‘s stock had its “reduce” rating reiterated by stock analysts at Peel Hunt in a research report issued on Monday. They presently have a GBX 840 ($10.79) price target on the stock. Peel Hunt’s target price indicates a potential downside of 32.64% from the company’s current price.

Shares of Hiscox (LON HSX) opened at 1246.00 on Monday. Hiscox has a 52 week low of GBX 903.00 and a 52 week high of GBX 1,255.00. The company’s market capitalization is GBX 3.49 billion. The company has a 50 day moving average price of GBX 1,179.23 and a 200 day moving average price of GBX 1,084.65.

In other Hiscox news, insider Jeremy Pinchin sold 97,183 shares of the firm’s stock in a transaction on Friday, March 17th. The shares were sold at an average price of GBX 1,078 ($13.85), for a total value of £1,047,632.74 ($1,345,706.80). Also, insider Hamayou Akbar Hussain purchased 19,700 shares of the business’s stock in a transaction on Friday, March 31st. The stock was purchased at an average cost of GBX 1,089 ($13.99) per share, with a total value of £214,533 ($275,572.25). About Hiscox

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “LSE:HSX”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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