Hiscox (LON:HSX) Price Target Cut to GBX 898

Hiscox (LON:HSX) had its price target reduced by investment analysts at Barclays from GBX 909 ($11.88) to GBX 898 ($11.73) in a research report issued to clients and investors on Wednesday, Price Targets.com reports. The brokerage currently has an “equal weight” rating on the stock. Barclays‘s target price indicates a potential upside of 14.02% from the stock’s current price.

Several other equities research analysts have also commented on HSX. JPMorgan Chase & Co. cut their price target on shares of Hiscox from GBX 1,075 ($14.04) to GBX 885 ($11.56) and set a “neutral” rating on the stock in a research note on Thursday, May 20th. Berenberg Bank reissued a “hold” rating and issued a GBX 973 ($12.71) target price on shares of Hiscox in a report on Wednesday, May 5th. Finally, Shore Capital reissued an “under review” rating on shares of Hiscox in a research report on Wednesday, May 5th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of GBX 949.56 ($12.41).

Shares of Hiscox stock opened at GBX 787.60 ($10.29) on Wednesday. The company has a debt-to-equity ratio of 42.73, a current ratio of 1.14 and a quick ratio of 0.73. Hiscox has a 52 week low of GBX 678.45 ($8.86) and a 52 week high of GBX 1,120 ($14.63). The company has a 50 day moving average of GBX 822.06. The stock has a market capitalization of £2.73 billion and a price-to-earnings ratio of -12.14.

In related news, insider Roberts S. Childs bought 6,400 shares of the stock in a transaction on Thursday, June 3rd. The shares were bought at an average cost of GBX 818 ($10.69) per share, for a total transaction of £52,352 ($68,398.22). Also, insider Colin D. Keogh bought 1,637 shares of the company’s stock in a transaction on Tuesday, March 23rd. The stock was bought at an average cost of GBX 829 ($10.83) per share, with a total value of £13,570.73 ($17,730.25).

Hiscox Company Profile

Hiscox Ltd, through its subsidiaries, provides insurance and reinsurance services in the United Kingdom, rest of Europe, the United States, and internationally. 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, household, media, events and entertainment, high net worth personal lines, fine art, and luxury motor through brokers, other insurers, and distribution partners, as well as directly to businesses online and telephone.

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Analyst Recommendations for Hiscox (LON:HSX)

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