Hiscox (LON:HSX) had its price target cut by Berenberg Bank from GBX 1,581 ($20.66) to GBX 1,487 ($19.43) in a report released on Tuesday, Digital Look reports. They currently have a hold rating on the stock.
Several other equities analysts have also recently issued reports on HSX. Shore Capital reissued a hold rating on shares of Hiscox in a research note on Monday, July 29th. Royal Bank of Canada boosted their price objective on shares of Hiscox from GBX 1,675 ($21.89) to GBX 1,700 ($22.21) and gave the company a sector performer rating in a research note on Tuesday, June 11th. Jefferies Financial Group boosted their price objective on shares of Hiscox from GBX 1,629 ($21.29) to GBX 1,666 ($21.77) and gave the company a hold rating in a research note on Wednesday, July 31st. Peel Hunt reissued a reduce rating on shares of Hiscox in a research note on Tuesday. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Hiscox from GBX 1,715 ($22.41) to GBX 1,675 ($21.89) and set an overweight rating on the stock in a research note on Monday, July 15th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the company. The company has an average rating of Hold and a consensus target price of GBX 1,565.73 ($20.46).
Shares of HSX opened at GBX 1,616 ($21.12) on Tuesday. The company has a debt-to-equity ratio of 30.74, a quick ratio of 0.10 and a current ratio of 0.44. The stock has a market capitalization of $4.65 billion and a P/E ratio of 37.24. The company’s fifty day moving average is GBX 1,626.90 and its two-hundred day moving average is GBX 1,638.67. Hiscox has a 1 year low of GBX 1,411 ($18.44) and a 1 year high of GBX 1,795 ($23.45).
In other Hiscox news, insider Richard Watson sold 10,000 shares of the business’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of GBX 1,585 ($20.71), for a total transaction of £158,500 ($207,108.32). Also, insider Bronek E. Masojada sold 37,500 shares of the business’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of GBX 1,575 ($20.58), for a total transaction of £590,625 ($771,756.17).
Hiscox Ltd, together with its subsidiaries, provides insurance and reinsurance services. The company operates through four segments: Hiscox Retail, Hiscox London Market, Hiscox Re & ILS, and Corporate Centre. It provides commercial insurance for small-and medium-sized businesses, including household, fine art and collectibles, and luxury motor via brokers, through a growing network of partnerships, and directly to consumers.
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