Shares of Hiscox Ltd (OTCMKTS:HCXLF) dropped 1.3% during trading on Monday . The stock traded as low as $15.80 and last traded at $15.80, approximately 924 shares traded hands during mid-day trading. A decline of 81% from the average daily volume of 4,913 shares. The stock had previously closed at $16.01.
HCXLF has been the subject of a number of recent analyst reports. Barclays reaffirmed a “sell” rating and set a $15.56 price target on shares of Hiscox in a report on Thursday, September 5th. Berenberg Bank reissued a “hold” rating and issued a $1,487.00 price objective on shares of Hiscox in a research note on Wednesday, September 11th.
The company has a 50 day moving average price of $18.62 and a 200-day moving average price of $20.13.
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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