Hiscox Ltd (HSX) Rating Reiterated by Peel Hunt

Peel Hunt reaffirmed their reduce rating on shares of Hiscox Ltd (LON:HSX) in a research note published on Monday morning. Peel Hunt currently has a GBX 980 ($12.93) price target on the stock.

Several other research firms have also commented on HSX. Credit Suisse Group lowered Hiscox to a neutral rating and boosted their price target for the stock from GBX 1,180 ($15.57) to GBX 1,305 ($17.21) in a research report on Tuesday, July 18th. Citigroup Inc. reissued a neutral rating and issued a GBX 1,330 ($17.54) price target on shares of Hiscox in a research report on Friday, July 14th. J P Morgan Chase & Co reissued an overweight rating and issued a GBX 1,250 ($16.49) price target on shares of Hiscox in a research report on Thursday, July 20th. Morgan Stanley assumed coverage on Hiscox in a research report on Tuesday, July 25th. They issued an equal weight rating and a GBX 1,380 ($18.20) price target for the company. Finally, Numis Securities Ltd reissued an add rating and issued a GBX 1,345 ($17.74) price target on shares of Hiscox in a research report on Thursday, May 11th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company’s stock. Hiscox has a consensus rating of Hold and an average target price of GBX 1,176.83 ($15.52).

Shares of Hiscox (LON HSX) opened at 1354.00 on Monday. The stock’s 50 day moving average is GBX 1,305.99 and its 200 day moving average is GBX 1,167.09. The firm’s market cap is GBX 3.79 billion. Hiscox has a 12 month low of GBX 978.00 and a 12 month high of GBX 1,378.00.

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In other news, insider Colin D. Keogh purchased 2,216 shares of the company’s stock in a transaction on Wednesday, June 14th. The shares were acquired at an average price of GBX 1,248 ($16.46) per share, for a total transaction of £27,655.68 ($36,480.25). Also, insider Bronek E. Masojada sold 50,000 shares of the business’s stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of GBX 1,236 ($16.30), for a total value of £618,000 ($815,195.88).

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.

Analyst Recommendations for Hiscox (LON:HSX)

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