Hiscox (LON:HSX)‘s stock had its “reduce” rating reaffirmed by research analysts at Peel Hunt in a research note issued to investors on Tuesday, ThisIsMoney.Co.Uk reports.
Other equities research analysts have also recently issued research reports about the stock. Shore Capital reissued a “hold” rating on shares of Hiscox in a research report on Wednesday, May 8th. Morgan Stanley started coverage on shares of Hiscox in a research report on Friday, May 17th. They set an “equal weight” rating and a GBX 1,619 ($21.16) price target for the company. HSBC dropped their price target on shares of Hiscox from GBX 1,571 ($20.53) to GBX 1,490 ($19.47) and set a “hold” rating for the company in a research report on Wednesday, May 15th. Barclays increased their price target on shares of Hiscox from GBX 1,447 ($18.91) to GBX 1,452 ($18.97) and gave the company an “underweight” rating in a research report on Wednesday, April 3rd. Finally, Jefferies Financial Group dropped their price target on shares of Hiscox from GBX 1,638 ($21.40) to GBX 1,585 ($20.71) and set a “hold” rating for the company in a research report on Tuesday, May 14th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of GBX 1,541.09 ($20.14).
Shares of Hiscox stock opened at GBX 1,711 ($22.36) on Tuesday. Hiscox has a 52-week low of GBX 1,411 ($18.44) and a 52-week high of GBX 1,727 ($22.57). The firm has a market capitalization of $4.93 billion and a PE ratio of 38.62. The company has a debt-to-equity ratio of 30.21, a current ratio of 0.74 and a quick ratio of 0.48.
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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