Other equities research analysts also recently issued research reports about the company. JPMorgan Chase & Co. restated an overweight rating and issued a GBX 1,125 ($13.92) target price on shares of Hiscox in a research report on Wednesday, July 20th. Credit Suisse Group AG began coverage on Hiscox in a report on Monday, June 13th. They issued an outperform rating and a GBX 1,150 ($14.23) price objective on the stock. Canaccord Genuity boosted their price objective on Hiscox from GBX 865 ($10.71) to GBX 980 ($12.13) and gave the company a sell rating in a report on Tuesday, July 26th. Shore Capital reiterated a buy rating on shares of Hiscox in a report on Monday, July 25th. Finally, Barclays PLC boosted their price objective on Hiscox from GBX 684 ($8.47) to GBX 714 ($8.84) and gave the company an underweight rating in a report on Wednesday, June 29th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company. The company has a consensus rating of Hold and an average target price of GBX 993.69 ($12.30).
Shares of Hiscox (LON:HSX) opened at 1043.00 on Monday. Hiscox has a 1-year low of GBX 896.50 and a 1-year high of GBX 1,106.00. The stock’s market capitalization is GBX 2.94 billion. The firm has a 50-day moving average price of GBX 1,058.22 and a 200-day moving average price of GBX 1,009.47.
In other news, insider Anne MacDonald bought 2,823 shares of the firm’s stock in a transaction that occurred on Friday, September 30th. The stock was purchased at an average cost of GBX 1,041 ($12.88) per share, with a total value of £29,387.43 ($36,370.58). Also, insider Keogh,Colin D bought 41 shares of the firm’s stock in a transaction that occurred on Monday, September 12th. The stock was purchased at an average cost of GBX 1,036 ($12.82) per share, with a total value of £424.76 ($525.69).
Hiscox Company Profile
Hiscox Limited is a Bermuda-based specialist 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.
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