Hiscox (LON:HSX) PT lowered to GBX 1,045

Hiscox (LON: HSXGet a rating) had its price target lowered by Berenberg Bank from 1,075 GBX ($13.17) to 1,045 GBX ($12.80) in a research note released on Thursday, market beat reports. The company currently has a “hold” rating on the stock. Berenberg Bank’s target price suggests a potential upside of 15.93% from the company’s current price.

A number of other equity analysts have also recently commented on HSX. Morgan Stanley reiterated an “overweight” rating on Hiscox shares in a Wednesday, May 11 research note. Barclays reiterated an “equal weighting” rating and set a target price of 1,144 GBX ($14.02) on Hiscox shares in a Wednesday July 6 research note. JPMorgan Chase & Co. raised its price target on Hiscox shares from GBX 895 ($10.97) to GBX 900 ($11.03) and assigned the stock an “underweight” rating in a research note from Wednesday, July 6. Finally, Royal Bank of Canada reiterated an “industry performance” rating and set a target price of 1,000 GBX ($12.25) on Hiscox shares in a Friday, July 8 research note. One research analyst has assigned the stock a sell rating, four have assigned a hold rating and two have assigned the stock a buy rating. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of GBX 1,018.29 ($12.48).

Hiscox Stock Performance

Shares of HSX Stock opened at GBX 901.40 ($11.05) on Thursday. The company has a current ratio of 0.48, a quick ratio of 0.10 and a debt ratio of 29.18. The company has a fifty-day moving average price of 914.98 GBX and a 200-day moving average price of 932.93 GBX. The company has a market capitalization of £3.12 billion and a P/E ratio of 2,048.64. Hiscox has a 12-month low of 769.40 GBX ($9.43) and a 12-month high of 1,002 GBX ($12.28).

Insider Buying and Selling at Hiscox

In other Hiscox news, insider Colin D. Keogh bought 1,617 Hiscox shares in a trade dated Wednesday, June 15. The share was acquired at an average cost of 944 GBX ($11.57) per share, with a total value of £15,264.48 ($18,704.18).

Hiscox Company Profile

(Get a rating)

Hiscox Ltd, through its subsidiaries, provides insurance and reinsurance services in the UK, Europe, USA and internationally. The Company operates through four segments: Hiscox Retail, Hiscox London Market, Hiscox Re & ILS and Corporate Centre. It provides commercial insurance to small and medium sized businesses, personal lines coverage including high value household, fine art, luxury automobiles and classic cars through brokers, partners and consumers direct using traditional and digital business models.

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