Hiscox Ltd (LON:HSX) Rating
In a research note revealed to investors and clients on Monday morning, Hiscox Ltd (LON:HSX) stock Reduce was maintained at Peel Hunt. They currently have a GBX 830.00 price target on the stock. Peel Hunt’s price target suggests a potential downside of -20.15% from the company’s previous close.
Out of 17 analysts covering Hiscox Ltd (LON:HSX), 5 rate it “Buy”, 4 “Sell”, while 8 “Hold”. This means 29% are positive. GBX 1190 is the highest target while GBX 684 is the lowest. The GBX 944.3 average target is -11.72% below today’s (GBX 1042) stock price. Hiscox Ltd was the topic in 52 analyst reports since July 24, 2015 according to StockzIntelligence Inc. Barclays Capital maintained the stock on February 29 with “Underweight” rating. Barclays Capital maintained it with “Underweight” rating and GBX 684 target price in a February 1 report. Numis Securities maintained the shares of HSX in a report on February 26 with “Hold” rating. Canaccord Genuity maintained the firm’s rating on January 29. Canaccord Genuity has “Hold” rating and GBX 905 price target. Finally, JP Morgan initiated the stock with “Overweight” rating in a February 3 report.
About 66,042 shares traded hands. Hiscox Ltd (LON:HSX) has risen 16.15% since July 28, 2015 and is uptrending. It has outperformed by 23.48% the S&P500.
Hiscox Limited is a Bermuda-based specialist insurer company. The company has a market cap of 2.97 billion GBP. The Firm is a holding firm for subsidiaries involved in the business of insurance and reinsurance in Bermuda, the United States, the United Kingdom, Guernsey, Europe and Asia. It has 14.07 P/E ratio. It operates through four divisions: Hiscox Retail, Hiscox London Market, Hiscox Re and Corporate Centre.
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