Hiscox (LON:HSX) Receives Reduce Rating from Peel Hunt

Hiscox (LON:HSX)‘s stock had its “reduce” rating reiterated by equities research analysts at Peel Hunt in a research report issued on Monday, February 26th. They presently have a GBX 910 ($12.57) price target on the stock. Peel Hunt’s price target points to a potential downside of 39.09% from the stock’s previous close.

Several other research firms have also weighed in on HSX. Barclays reaffirmed an “underweight” rating and set a GBX 1,211 ($16.73) target price on shares of Hiscox in a report on Thursday, February 1st. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Hiscox in a research note on Thursday, November 16th. Shore Capital reaffirmed a “buy” rating on shares of Hiscox in a research note on Monday, February 26th. Stockdale Securities reissued a “hold” rating and set a GBX 1,580 ($21.83) price target on shares of Hiscox in a research report on Tuesday, February 6th. Finally, Berenberg Bank started coverage on shares of Hiscox in a report on Wednesday, December 13th. They issued a “buy” rating and a GBX 1,580 ($21.83) price objective on the stock. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of GBX 1,341.91 ($18.54).

Hiscox (LON HSX) traded down GBX 11 ($0.15) on Monday, reaching GBX 1,494 ($20.64). 655,193 shares of the company’s stock were exchanged, compared to its average volume of 706,151. Hiscox has a 12 month low of GBX 1,069.50 ($14.78) and a 12 month high of GBX 1,524 ($21.06). The stock has a market cap of $4,290.00 and a price-to-earnings ratio of 16,600.00.

In related news, insider Colin D. Keogh acquired 944 shares of the firm’s stock in a transaction that occurred on Thursday, December 14th. The shares were acquired at an average price of GBX 1,390 ($19.20) per share, with a total value of £13,121.60 ($18,128.76). Also, insider Roberts S. Childs sold 500 shares of the stock in a transaction on Monday, March 12th. The shares were sold at an average price of GBX 1,501 ($20.74), for a total value of £7,505 ($10,368.89).

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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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