Hiscox Ltd (OTCMKTS:HCXLF) Receives Consensus “Buy” Rating from Analysts


Shares of Hiscox Ltd (OTCMKTS: HCXLFGet a rating) have been awarded a consensus recommendation of “Hold” by the eleven rating agencies that cover the company, market beat reports. Four analysts gave the stock a hold rating and three gave the company a buy rating. The 1-year average target price among brokers who have issued ratings on the stock in the past year is $2,236.34.

Several brokerages have recently published reports on HCXLF. Royal Bank of Canada reiterated a “hold” rating and issued a target price of $1,000.00 on Hiscox shares in a research note on Friday, April 1. Credit Suisse Group raised its price target on Hiscox shares from 1,085 GBX ($13.60) to 1,250 GBX ($15.66) in a Thursday, April 28 research report. HSBC upgraded Hiscox shares from a “hold” rating to a “buy” rating in a Friday, May 6 research report. JPMorgan Chase & Co. raised its price target on Hiscox shares from 870 GBX ($10.90) to 8,895 GBX ($111.47) in a Friday May 6 research note. Finally, Barclays raised its price target on Hiscox shares from 1,027 GBX ($12.87) to 1,067 GBX ($13.37) in a Wednesday, April 20 research note.

Shares of OTCMKTS HCXLF opened at $11.40 on Tuesday. The company has a fifty-day moving average price of $11.97 and a 200-day moving average price of $11.89. Hiscox has a 1-year low of $10.80 and a 1-year high of $13.23.

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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