Hiscox Ltd (LON:HSX)‘s stock had its “reduce” rating restated by stock analysts at Peel Hunt in a report issued on Monday. They presently have a GBX 870 ($10.87) price target on the stock. Peel Hunt’s target price would indicate a potential downside of 18.39% from the company’s previous close.
Several other research firms also recently weighed in on HSX. Barclays PLC boosted their target price on Hiscox from GBX 714 ($8.92) to GBX 728 ($9.10) and gave the company an “underweight” rating in a report on Thursday, July 21st. Shore Capital reissued a “buy” rating on shares of Hiscox in a report on Monday, July 25th. Credit Suisse Group AG boosted their target price on Hiscox from GBX 1,160 ($14.49) to GBX 1,180 ($14.74) and gave the company an “outperform” rating in a report on Tuesday, July 26th. JPMorgan Chase & Co. reissued an “overweight” rating and issued a GBX 1,125 ($14.06) target price on shares of Hiscox in a report on Tuesday, July 26th. Finally, Canaccord Genuity boosted their target price on Hiscox from GBX 865 ($10.81) to GBX 980 ($12.24) and gave the company a “sell” rating in a report on Tuesday, July 26th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of GBX 1,026.73 ($12.83).
Shares of Hiscox (LON:HSX) remained flat at GBX 1066.00 during mid-day trading on Monday. 381,284 shares of the company were exchanged. Hiscox has a 12-month low of GBX 896.50 and a 12-month high of GBX 1,106.00. The firm’s market capitalization is GBX 3.00 billion. The firm has a 50-day moving average price of GBX 1,046.76 and a 200 day moving average price of GBX 1,033.03.
In other news, insider Anne MacDonald purchased 2,823 shares of the stock in a transaction that occurred on Friday, September 30th. The shares were acquired at an average price of GBX 1,041 ($13.01) per share, for a total transaction of £29,387.43 ($36,715.93). Also, insider Keogh,Colin D purchased 41 shares of the stock in a transaction that occurred on Monday, September 12th. The stock was purchased at an average price of GBX 1,036 ($12.94) per share, for a total transaction of £424.76 ($530.68).