Other equities analysts have also recently issued research reports about the company. Canaccord Genuity cut Hiscox to a hold rating and decreased their price target for the company from GBX 1,875 ($24.50) to GBX 1,470 ($19.21) in a report on Tuesday, November 6th. UBS Group reiterated a neutral rating on shares of Hiscox in a report on Thursday, January 3rd. Royal Bank of Canada reiterated a sector perform rating on shares of Hiscox in a report on Monday, November 5th. Barclays raised their price target on Hiscox from GBX 1,427 ($18.65) to GBX 1,435 ($18.75) and gave the company an underweight rating in a report on Thursday, December 13th. Finally, Berenberg Bank raised their price target on Hiscox from GBX 170 ($2.22) to GBX 1,470 ($19.21) and gave the company a hold rating in a report on Monday, December 10th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus price target of GBX 1,471.67 ($19.23).
Shares of HSX stock opened at GBX 1,553 ($20.29) on Monday. Hiscox has a 52 week low of GBX 1,069.50 ($13.97) and a 52 week high of GBX 1,526 ($19.94).
In related news, insider Colin D. Keogh bought 914 shares of the business’s stock in a transaction on Friday, December 14th. The shares were purchased at an average price of GBX 1,602 ($20.93) per share, with a total value of £14,642.28 ($19,132.73).
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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