Hiscox Ltd (LON:HSX)‘s stock had its “outperform” rating reissued by Credit Suisse Group AG in a report released on Friday. They currently have a GBX 1,180 ($14.60) target price on the stock. Credit Suisse Group AG’s price target points to a potential upside of 13.35% from the company’s previous close.
Other equities research analysts have also issued research reports about the stock. Shore Capital restated a “buy” rating on shares of Hiscox in a research note on Monday, July 25th. HSBC restated a “hold” rating and issued a GBX 972 ($12.03) target price on shares of Hiscox in a research note on Wednesday, June 29th. Citigroup Inc. reaffirmed a “neutral” rating and set a GBX 1,045 ($12.93) price objective on shares of Hiscox in a research report on Wednesday, August 24th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a GBX 1,125 ($13.92) price objective on shares of Hiscox in a research report on Monday, August 1st. Finally, Peel Hunt reaffirmed a “reduce” rating and set a GBX 830 ($10.27) price objective on shares of Hiscox in a research report on Monday, July 4th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of GBX 993.69 ($12.30).
Shares of Hiscox (LON:HSX) opened at 1039.00 on Friday. The stock’s 50 day moving average is GBX 1,059.97 and its 200-day moving average is GBX 1,008.49. Hiscox has a 52-week low of GBX 896.50 and a 52-week high of GBX 1,106.00. The firm’s market capitalization is GBX 2.93 billion.
In related news, insider Keogh,Colin D acquired 41 shares of the firm’s stock in a transaction dated Monday, September 12th. The stock was acquired at an average cost of GBX 1,036 ($12.82) per share, for a total transaction of £424.76 ($525.69). Also, insider Anne MacDonald acquired 2,823 shares of the firm’s stock in a transaction dated Friday, September 30th. The stock was bought at an average price of GBX 1,041 ($12.88) per share, with a total value of £29,387.43 ($36,370.58).
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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