Peel Hunt downgraded shares of Hiscox (LON:HSX) to a hold rating in a research report report published on Thursday morning, Stock Target Advisor reports. Peel Hunt currently has GBX 765 ($9.41) price objective on the stock, down from their prior price objective of GBX 810 ($9.97).
HSX has been the topic of several other research reports. Shore Capital reaffirmed an under review rating on shares of Hiscox in a research report on Wednesday, May 6th. Jefferies Financial Group raised shares of Hiscox to a buy rating and reduced their price target for the company from GBX 1,325 ($16.31) to GBX 850 ($10.46) in a research report on Wednesday, May 6th. JPMorgan Chase & Co. reduced their price target on shares of Hiscox from GBX 1,225 ($15.08) to GBX 860 ($10.58) and set a neutral rating on the stock in a research report on Wednesday, May 6th. UBS Group reduced their price target on shares of Hiscox from GBX 1,375 ($16.92) to GBX 860 ($10.58) and set a neutral rating on the stock in a research report on Friday, July 3rd. Finally, Barclays lifted their price target on shares of Hiscox from GBX 903 ($11.11) to GBX 913 ($11.24) and gave the company an equal weight rating in a research report on Thursday, July 16th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus target price of GBX 1,038.33 ($12.78).
HSX opened at GBX 781.60 ($9.62) on Thursday. The company has a debt-to-equity ratio of 36.52, a current ratio of 1.15 and a quick ratio of 0.72. The company’s 50 day simple moving average is GBX 805.90 and its two-hundred day simple moving average is GBX 969. Hiscox has a 1-year low of GBX 7.67 ($0.09) and a 1-year high of GBX 1,779 ($21.89). The firm has a market capitalization of $2.71 billion and a price-to-earnings ratio of 46.25.
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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