Hiscox (LON:HSX) Earns “Reduce” Rating from Peel Hunt

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Hiscox (LON:HSX)‘s stock had its “reduce” rating reaffirmed by equities researchers at Peel Hunt in a report issued on Tuesday, ThisIsMoney.Co.Uk reports.

A number of other equities research analysts have also issued reports on HSX. HSBC reduced their price target on Hiscox from GBX 1,571 ($20.53) to GBX 1,490 ($19.47) and set a “hold” rating on the stock in a research report on Wednesday, May 15th. Shore Capital reaffirmed a “hold” rating on shares of Hiscox in a research report on Monday, July 29th. Canaccord Genuity increased their price target on Hiscox from GBX 1,580 ($20.65) to GBX 1,600 ($20.91) and gave the company a “sell” rating in a research report on Tuesday, July 30th. Berenberg Bank reaffirmed a “hold” rating and issued a GBX 1,581 ($20.66) price target on shares of Hiscox in a research report on Tuesday, June 11th. Finally, Morgan Stanley assumed coverage on Hiscox in a research report on Friday, May 17th. They issued an “equal weight” rating and a GBX 1,619 ($21.16) price target on the stock. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of GBX 1,565.73 ($20.46).

HSX stock opened at GBX 1,611 ($21.05) on Tuesday. The company has a debt-to-equity ratio of 30.74, a current ratio of 0.44 and a quick ratio of 0.10. The firm has a market capitalization of $4.61 billion and a P/E ratio of 37.12. The business’s 50-day moving average is GBX 1,626.90 and its two-hundred day moving average is GBX 1,638.67. Hiscox has a 1 year low of GBX 1,411 ($18.44) and a 1 year high of GBX 1,795 ($23.45).

In other news, insider Richard Watson sold 10,000 shares of the stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of GBX 1,585 ($20.71), for a total value of £158,500 ($207,108.32). Also, insider Bronek E. Masojada sold 37,500 shares of the stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of GBX 1,575 ($20.58), for a total value of £590,625 ($771,756.17).

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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Analyst Recommendations for Hiscox (LON:HSX)

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