Hiscox Ltd (HSX) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Hiscox Ltd (LON:HSX) have been assigned a consensus rating of “Hold” from the twelve ratings firms that are covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is GBX 1,230.50 ($16.18).

Several equities analysts have issued reports on the stock. Peel Hunt boosted their price objective on shares of Hiscox from GBX 840 ($11.05) to GBX 980 ($12.89) and gave the company a “reduce” rating in a research note on Tuesday, July 18th. Stockdale Securities reissued a “neutral” rating on shares of Hiscox in a research note on Wednesday, August 2nd. Morgan Stanley started coverage on shares of Hiscox in a research report on Tuesday, July 25th. They set an “equal weight” rating and a GBX 1,380 ($18.15) target price on the stock. Citigroup Inc. restated a “neutral” rating and set a GBX 1,350 ($17.76) target price on shares of Hiscox in a research report on Thursday, October 12th. Finally, J P Morgan Chase & Co restated an “overweight” rating and set a GBX 1,375 ($18.08) target price on shares of Hiscox in a research report on Wednesday, November 8th.

Shares of Hiscox (HSX) traded up GBX 4 ($0.05) on Monday, reaching GBX 1,454 ($19.12). 472,874 shares of the company’s stock traded hands, compared to its average volume of 524,362. Hiscox has a 12 month low of GBX 978 ($12.86) and a 12 month high of GBX 1,465 ($19.27).

In other Hiscox news, insider Colin D. Keogh acquired 1,057 shares of the firm’s stock in a transaction that occurred on Friday, September 29th. The shares were acquired at an average cost of GBX 1,280 ($16.84) per share, for a total transaction of £13,529.60 ($17,795.08).

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About Hiscox

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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