Peel Hunt restated their reduce rating on shares of Hiscox (LON:HSX) in a research note issued to investors on Thursday, Digital Look reports. The firm currently has a GBX 1,010 ($13.20) price target on the stock.
Several other brokerages have also weighed in on HSX. JPMorgan Chase & Co. lowered their target price on shares of Hiscox from GBX 1,800 ($23.52) to GBX 1,750 ($22.87) and set an overweight rating on the stock in a research report on Monday, September 16th. Royal Bank of Canada lowered their target price on shares of Hiscox from GBX 1,450 ($18.95) to GBX 1,350 ($17.64) and set a sector performer rating on the stock in a research report on Tuesday, November 5th. Canaccord Genuity upped their target price on shares of Hiscox from GBX 1,580 ($20.65) to GBX 1,600 ($20.91) and gave the stock a sell rating in a research report on Tuesday, July 30th. Shore Capital restated a hold rating on shares of Hiscox in a research report on Monday, November 4th. Finally, UBS Group restated a neutral rating and set a GBX 1,550 ($20.25) target price (down from GBX 1,680 ($21.95)) on shares of Hiscox in a research report on Friday, November 1st. Four investment analysts have rated the stock with a sell rating and nine have given a hold rating to the company. The company currently has an average rating of Hold and an average target price of GBX 1,430.25 ($18.69).
HSX traded down GBX 56 ($0.73) on Thursday, hitting GBX 1,213 ($15.85). 1,360,165 shares of the company were exchanged, compared to its average volume of 721,158. The company has a debt-to-equity ratio of 30.74, a quick ratio of 0.10 and a current ratio of 0.44. The business’s fifty day moving average is GBX 1,547.82 and its 200 day moving average is GBX 1,630.07. Hiscox has a fifty-two week low of GBX 1,387 ($18.12) and a fifty-two week high of GBX 1,795 ($23.45). The firm has a market capitalization of $3.65 billion and a P/E ratio of 27.95.
In other news, insider Bronek E. Masojada sold 37,500 shares of the stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of GBX 1,575 ($20.58), for a total value of £590,625 ($771,756.17). Also, insider Roberts S. Childs sold 400 shares of the stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of GBX 1,641 ($21.44), for a total transaction of £6,564 ($8,577.03). Insiders sold 77,900 shares of company stock worth $125,098,900 over the last quarter.
Hiscox Company Profile
Hiscox Ltd, together with its subsidiaries, provides insurance and reinsurance services. 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, including household, fine art and collectibles, and luxury motor via brokers, through a growing network of partnerships, and directly to consumers.
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