Hiscox (HSX) Given “Reduce” Rating at Peel Hunt
Peel Hunt restated their reduce rating on shares of Hiscox (LON:HSX) in a research note issued to investors on Thursday, January 4th. They currently have a GBX 910 ($12.78) price objective on the stock.
A number of other equities research analysts have also commented on HSX. JPMorgan Chase & Co. reiterated an overweight rating and issued a GBX 1,375 ($19.31) target price on shares of Hiscox in a research report on Wednesday, November 8th. Shore Capital reiterated a buy rating on shares of Hiscox in a research report on Tuesday, November 7th. Berenberg Bank started coverage on Hiscox in a research report on Wednesday, December 13th. They issued a buy rating and a GBX 1,580 ($22.19) price objective on the stock. Barclays upped their price objective on Hiscox from GBX 1,008 ($14.16) to GBX 1,190 ($16.71) and gave the stock an underweight rating in a research report on Wednesday, October 25th. Finally, Citigroup restated a neutral rating and issued a GBX 1,350 ($18.96) price objective on shares of Hiscox in a research report on Thursday, October 12th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the stock. The company currently has an average rating of Hold and an average target price of GBX 1,275.60 ($17.91).
Shares of Hiscox (LON HSX) traded down GBX 2 ($0.03) during mid-day trading on Thursday, hitting GBX 1,426 ($20.03). The stock had a trading volume of 496,242 shares, compared to its average volume of 407,256. Hiscox has a 1-year low of GBX 1,001 ($14.06) and a 1-year high of GBX 1,478 ($20.76). The stock has a market capitalization of $4,090.00 and a price-to-earnings ratio of 1,739.02.
Hiscox Company Profile
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.
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