Hiscox Ltd (LON:HSX)‘s stock had its “reduce” rating reiterated by analysts at Peel Hunt in a research note issued to investors on Monday. They currently have a GBX 870 ($11.36) target price on the stock. Peel Hunt’s target price points to a potential downside of 16.51% from the stock’s current price.
HSX has been the subject of a number of other reports. Barclays PLC upped their price target on shares of Hiscox from GBX 684 ($8.93) to GBX 714 ($9.32) and gave the company an “underweight” rating in a report on Wednesday, June 29th. Shore Capital restated a “buy” rating on shares of Hiscox in a report on Monday, July 25th. Credit Suisse Group AG restated an “outperform” rating and issued a GBX 1,150 ($15.01) price objective on shares of Hiscox in a report on Monday, July 4th. Canaccord Genuity upped their price objective on shares of Hiscox from GBX 865 ($11.29) to GBX 980 ($12.79) and gave the stock a “sell” rating in a report on Tuesday, July 26th. Finally, HSBC restated a “hold” rating and issued a GBX 972 ($12.69) price objective on shares of Hiscox in a report on Wednesday, June 29th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of GBX 993.69 ($12.97).
Hiscox (LON:HSX) opened at 1053.00 on Monday. The stock’s 50 day moving average is GBX 1,064.59 and its 200-day moving average is GBX 1,003.90. The firm’s market capitalization is GBX 2.97 billion. Hiscox has a one year low of GBX 896.50 and a one year high of GBX 1,106.00.
The business also recently declared a dividend, which was paid on Friday, September 9th. Stockholders of record on Thursday, August 4th were issued a dividend of GBX 8.50 ($0.11) per share. This represents a dividend yield of 0.8%. The ex-dividend date of this dividend was Thursday, August 4th.
In other news, insider Watson,Richard sold 96,234 shares of the firm’s stock in a transaction dated Tuesday, August 2nd. The shares were sold at an average price of GBX 1,084 ($14.15), for a total transaction of £1,043,176.56 ($1,361,671.53). Also, insider Keogh,Colin D purchased 41 shares of the company’s stock in a transaction dated Monday, September 12th. The shares were bought at an average cost of GBX 1,036 ($13.52) per share, for a total transaction of £424.76 ($554.44).
Hiscox Company Profile
Hiscox Limited is a Bermuda-based specialist 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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