Hiscox Ltd (LON:HSX)‘s stock had its “underweight” rating reaffirmed by equities research analysts at Barclays PLC in a report issued on Monday. They currently have a GBX 904 ($11.02) target price on the stock. Barclays PLC’s price objective indicates a potential downside of 11.63% from the company’s previous close.
Several other brokerages have also issued reports on HSX. Peel Hunt reiterated a “reduce” rating and issued a GBX 830 ($10.12) target price on shares of Hiscox in a research report on Monday, July 4th. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a GBX 1,125 ($13.71) target price on shares of Hiscox in a research report on Monday, August 1st. Shore Capital reiterated a “buy” rating on shares of Hiscox in a research report on Wednesday, October 5th. Credit Suisse Group AG reiterated an “outperform” rating and issued a GBX 1,180 ($14.38) target price on shares of Hiscox in a research report on Friday, October 7th. Finally, Citigroup Inc. restated a “neutral” rating and set a GBX 1,045 ($12.74) price target on shares of Hiscox in a research report on Wednesday, August 24th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company. Hiscox presently has a consensus rating of “Hold” and an average price target of GBX 1,007.23 ($12.28).
Shares of Hiscox (LON:HSX) opened at 1023.00 on Monday. The company’s market capitalization is GBX 2.88 billion. Hiscox has a 12 month low of GBX 896.50 and a 12 month high of GBX 1,106.00. The company has a 50-day moving average price of GBX 1,052.41 and a 200-day moving average price of GBX 1,014.88.
In related news, insider Watson,Richard sold 96,234 shares of the stock in a transaction dated Tuesday, August 2nd. The shares were sold at an average price of GBX 1,084 ($13.21), for a total value of £1,043,176.56 ($1,271,391.30). Also, insider Anne MacDonald purchased 2,823 shares of the firm’s stock in a transaction that occurred on Friday, September 30th. The stock was bought at an average cost of GBX 1,041 ($12.69) per share, with a total value of £29,387.43 ($35,816.49).