Hiscox (LON:HSX) Receives “Hold” Rating from Berenberg Bank

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Berenberg Bank reissued their hold rating on shares of Hiscox (LON:HSX) in a report published on Tuesday morning, Digital Look reports. The firm currently has a GBX 1,581 ($20.66) price target on the stock.

Other research analysts have also recently issued research reports about the stock. Royal Bank of Canada reduced their target price on shares of 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. Peel Hunt restated a reduce rating and set a GBX 1,040 ($13.59) target price (down previously from GBX 1,130 ($14.77)) on shares of Hiscox in a report on Tuesday, May 7th. UBS Group restated a neutral rating on shares of Hiscox in a report on Friday, May 3rd. Shore Capital restated a hold rating on shares of Hiscox in a report on Wednesday, May 8th. Finally, Morgan Stanley assumed coverage on shares of Hiscox in a report on Friday, May 17th. They set an equal weight rating and a GBX 1,619 ($21.16) target price for the company. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average target price of GBX 1,541.09 ($20.14).

Hiscox stock opened at GBX 1,687 ($22.04) on Tuesday. Hiscox has a twelve month low of GBX 1,411 ($18.44) and a twelve month high of GBX 1,727 ($22.57). The company has a market capitalization of $4.86 billion and a PE ratio of 38.08. The company has a quick ratio of 0.48, a current ratio of 0.74 and a debt-to-equity ratio of 30.21.

In other news, insider Colin D. Keogh purchased 901 shares of the business’s stock in a transaction on Friday, March 29th. The stock was purchased at an average price of GBX 1,557 ($20.34) per share, for a total transaction of £14,028.57 ($18,330.81).

About Hiscox

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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Analyst Recommendations for Hiscox (LON:HSX)

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