Peel Hunt Reiterates Reduce Rating for Hiscox (LON:HSX)

Share on StockTwits

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.

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

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.

Further Reading: What is a conference call?

Analyst Recommendations for Hiscox (LON:HSX)

Receive News & Ratings for Hiscox Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hiscox and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Peel Hunt Reaffirms “Hold” Rating for Dialight
Peel Hunt Reaffirms “Hold” Rating for Dialight
Dixons Carphone  Earns Hold Rating from Liberum Capital
Dixons Carphone Earns Hold Rating from Liberum Capital
Cranswick  Earns Hold Rating from Peel Hunt
Cranswick Earns Hold Rating from Peel Hunt
Consort Medical’s  Buy Rating Reiterated at Shore Capital
Consort Medical’s Buy Rating Reiterated at Shore Capital
Coats Group’s  “Buy” Rating Reiterated at Peel Hunt
Coats Group’s “Buy” Rating Reiterated at Peel Hunt
Clinigen Group  Rating Reiterated by Peel Hunt
Clinigen Group Rating Reiterated by Peel Hunt


© 2006-2019 Ticker Report