JPMorgan Chase & Co. raises Hiscox (OTCMKTS:HCXLF) price target to GBX 870


Hiscox (OTCMKTS: HCXLFGet a rating) saw its price target increased by JPMorgan Chase & Co. from GBX 850 ($10.83) to GBX 870 ($11.09) in a research report released Wednesday, Fly reports.

Other research analysts have also published research reports on the stock. HSBC downgraded Hiscox shares from a buy rating to a hold rating in a Monday, Jan. 17 research note. Morgan Stanley reissued a buy rating and issued a price target of 1,159 GBX ($14.77) (previously 1,177 GBX ($15.00)) on Hiscox shares in a research note Tuesday, April 5. Investec downgraded Hiscox shares from a hold rating to a buy rating in a research rating on Monday. Royal Bank of Canada reissued a hold note and posted a $1,000.00 price target on Hiscox shares in a research note on Friday, April 1. Finally, Barclays raised its price target on Hiscox shares from 1,027 GBX ($13.09) to 1,067 GBX ($13.60) in a Wednesday, April 20 research note. Six analysts gave the stock a hold rating and five gave the company a buy rating. Based on data from MarketBeat.com, the company currently has an average rating of Hold and an average price target of $821.61.

Shares of HCXLF Stock opened at $12.70 on Wednesday. The company has a 50-day moving average of $12.48 and a two-hundred-day moving average of $11.81. 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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