Credit Suisse Group AG reiterated their outperform rating on shares of Hiscox Ltd (LON:HSX) in a research note released on Friday. Credit Suisse Group AG currently has a GBX 1,180 ($14.60) price target on the stock.
A number of other research firms have also recently weighed in on HSX. Peel Hunt reiterated a reduce rating and set a GBX 870 ($10.77) price objective on shares of Hiscox in a research report on Thursday, September 22nd. Barclays PLC boosted their price objective on shares of Hiscox from GBX 714 ($8.84) to GBX 728 ($9.01) and gave the company an underweight rating in a research report on Thursday, July 21st. Shore Capital reiterated a buy rating on shares of Hiscox in a research report on Monday, July 25th. JPMorgan Chase & Co. reiterated an overweight rating and set a GBX 1,125 ($13.92) price objective on shares of Hiscox in a research report on Tuesday, July 26th. Finally, Canaccord Genuity boosted their price objective on shares of Hiscox from GBX 865 ($10.71) to GBX 980 ($12.13) and gave the company a sell rating in a research report on Tuesday, July 26th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus target price of GBX 993.69 ($12.30).
Hiscox (LON:HSX) opened at 1040.00 on Friday. Hiscox has a 12 month low of GBX 896.50 and a 12 month high of GBX 1,106.00. The stock’s market capitalization is GBX 2.93 billion. The company’s 50-day moving average is GBX 1,059.49 and its 200-day moving average is GBX 1,009.11.
In related news, insider Watson,Richard sold 96,234 shares of the company’s stock in a transaction dated Tuesday, August 2nd. The shares were sold at an average price of GBX 1,084 ($13.42), for a total value of £1,043,176.56 ($1,291,060.10). Also, insider Anne MacDonald acquired 2,823 shares of the stock in a transaction that occurred on Friday, September 30th. The stock was acquired at an average cost of GBX 1,041 ($12.88) per share, with a total value of £29,387.43 ($36,370.58).