Hiscox (LON:HSX) had its target price boosted by stock analysts at Peel Hunt from GBX 1,120 ($14.45) to GBX 1,220 ($15.74) in a research report issued on Friday. The firm presently has a “reduce” rating on the stock. Peel Hunt’s price objective would suggest a potential downside of 27.85% from the stock’s current price.
A number of other analysts have also recently issued reports on the company. Canaccord Genuity reissued a “buy” rating and issued a GBX 1,875 ($24.19) target price on shares of Hiscox in a research report on Thursday. Berenberg Bank upped their target price on Hiscox from GBX 1,630 ($21.03) to GBX 1,790 ($23.09) and gave the company a “buy” rating in a research report on Monday. Royal Bank of Canada upped their target price on Hiscox from GBX 1,575 ($20.32) to GBX 1,725 ($22.25) and gave the company a “sector performer” rating in a research report on Tuesday, August 28th. Finally, Numis Securities reissued a “hold” rating on shares of Hiscox in a research report on Monday, July 30th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of GBX 1,513.73 ($19.53).
Shares of LON HSX opened at GBX 1,691 ($21.81) on Friday. Hiscox has a 52-week low of GBX 1,069.50 ($13.80) and a 52-week high of GBX 1,526 ($19.69).
In related news, insider Anne MacDonald acquired 1,518 shares of the firm’s stock in a transaction on Thursday, June 14th. The stock was bought at an average cost of GBX 1,504 ($19.40) per share, with a total value of £22,830.72 ($29,451.39). Also, insider Bronek E. Masojada sold 50,000 shares of the stock in a transaction that occurred on Friday, August 31st. The stock was sold at an average price of GBX 1,695 ($21.87), for a total value of £847,500 ($1,093,266.25).
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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