Hiscox (HSX) Price Target Cut to GBX 1,585
Hiscox (LON:HSX) had its price objective dropped by equities research analysts at Jefferies Financial Group from GBX 1,638 ($21.40) to GBX 1,585 ($20.71) in a research note issued on Tuesday, ThisIsMoney.Co.Uk reports. The brokerage currently has a “hold” rating on the stock. Jefferies Financial Group’s target price suggests a potential downside of 1.25% from the company’s current price.
Several other equities research analysts also recently commented on HSX. Shore Capital reiterated a “hold” rating on shares of Hiscox in a report on Wednesday, May 8th. Berenberg Bank lifted their price objective on Hiscox from GBX 1,569 ($20.50) to GBX 1,581 ($20.66) and gave the stock a “hold” rating in a report on Thursday, May 9th. Royal Bank of Canada reduced their price objective on Hiscox from GBX 1,675 ($21.89) to GBX 1,628 ($21.27) and set a “sector performer” rating for the company in a report on Tuesday, May 7th. Barclays lifted their price objective on Hiscox from GBX 1,447 ($18.91) to GBX 1,452 ($18.97) and gave the stock an “underweight” rating in a report on Wednesday, April 3rd. Finally, Peel Hunt reiterated a “reduce” rating on shares of Hiscox in a report on Tuesday, April 2nd. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of GBX 1,526.10 ($19.94).
LON HSX opened at GBX 1,605 ($20.97) on Tuesday. Hiscox has a one year low of GBX 1,411 ($18.44) and a one year high of GBX 1,727 ($22.57). The stock has a market capitalization of $4.61 billion and a P/E ratio of 36.23. The company has a quick ratio of 0.48, a current ratio of 0.74 and a debt-to-equity ratio of 30.21.
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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