Trade Report: Today, Hiscox Ltd (HSX) Given Average Recommendation of “Hold” from Brokerages

Today, Hiscox Ltd (HSX) Given Average Recommendation of “Hold” from Brokerages

Hiscox Ltd (LON:HSX) has received an average recommendation of “Hold” from the thirteen ratings firms that are covering the firm. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating on the company. The average twelve-month price target among analysts that have covered the stock in the last year is GBX 1,026.73 ($12.83).

Several research analysts have recently weighed in on the company. Peel Hunt decreased their price target on Hiscox from GBX 880 ($10.99) to GBX 870 ($10.87) and set a “reduce” rating for the company in a research note on Friday, September 9th. Citigroup Inc. reaffirmed a “neutral” rating and issued a GBX 1,045 ($13.06) price objective on shares of Hiscox in a report on Wednesday, August 24th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a GBX 1,125 ($14.06) price objective on shares of Hiscox in a report on Monday, August 1st. Numis Securities Ltd raised Hiscox to an “add” rating and set a GBX 1,225 ($15.30) price objective for the company in a report on Thursday. Finally, Barclays PLC reaffirmed an “underweight” rating on shares of Hiscox in a report on Monday, August 1st.

Hiscox (LON:HSX) remained flat at GBX 1066.00 during mid-day trading on Friday. 381,284 shares of the stock traded hands. The stock’s 50-day moving average is GBX 1,046.76 and its 200 day moving average is GBX 1,033.03. The firm’s market cap is GBX 3.00 billion. Hiscox has a 12-month low of GBX 896.50 and a 12-month high of GBX 1,106.00.

In other Hiscox news, insider Anne MacDonald acquired 2,823 shares of the company’s stock in a transaction dated Friday, September 30th. The stock was purchased at an average price of GBX 1,041 ($13.01) per share, with a total value of £29,387.43 ($36,715.93). Also, insider Keogh,Colin D acquired 41 shares of the company’s stock in a transaction dated Monday, September 12th. The stock was acquired at an average cost of GBX 1,036 ($12.94) per share, with a total value of £424.76 ($530.68).

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