Hiscox Ltd (HSX) Receives GBX 1,296.10 Average Target Price from Analysts

Shares of Hiscox Ltd (LON:HSX) have been given an average rating of “Hold” by the twelve research firms that are presently covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is GBX 1,296.10 ($17.91).

HSX has been the topic of a number of research reports. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a GBX 1,375 ($19.00) target price on shares of Hiscox in a research report on Wednesday, November 8th. Peel Hunt reaffirmed a “reduce” rating and set a GBX 910 ($12.57) target price on shares of Hiscox in a research report on Tuesday, November 7th. Barclays boosted their target price on shares of Hiscox from GBX 1,190 ($16.44) to GBX 1,211 ($16.73) and gave the stock an “underweight” rating in a research report on Monday, December 11th. Shore Capital reaffirmed a “buy” rating on shares of Hiscox in a research report on Tuesday, November 7th. Finally, Berenberg Bank initiated coverage on shares of Hiscox in a research report on Wednesday, December 13th. They set a “buy” rating and a GBX 1,580 ($21.83) target price on the stock.

Shares of Hiscox (LON:HSX) traded up GBX 6 ($0.08) during mid-day trading on Wednesday, reaching GBX 1,396 ($19.29). 636,912 shares of the company were exchanged, compared to its average volume of 443,897. Hiscox has a fifty-two week low of GBX 1,060 ($14.64) and a fifty-two week high of GBX 1,478 ($20.42). The company has a market capitalization of $4,010.00 and a price-to-earnings ratio of 1,702.44.

In other Hiscox news, insider Colin D. Keogh purchased 944 shares of the stock in a transaction on Thursday, December 14th. The shares were purchased at an average price of GBX 1,390 ($19.20) per share, with a total value of £13,121.60 ($18,128.76).

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About Hiscox

Hiscox Limited is a Bermuda-based insurer company. The Company is a holding company for subsidiaries involved in the business of insurance and reinsurance in Bermuda, the United States, the United Kingdom, Guernsey, Europe and Asia. It operates through four segments: Hiscox Retail, Hiscox London Market, Hiscox Re and Corporate Centre.

Analyst Recommendations for Hiscox (LON:HSX)

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