Hiscox (LON:HSX) had its price target decreased by UBS Group from GBX 1,670 ($21.82) to GBX 1,640 ($21.43) in a research note issued to investors on Tuesday morning, investing.thisismoney.co.uk reports. UBS Group currently has a neutral rating on the stock.
Several other research firms have also recently commented on HSX. Canaccord Genuity cut shares of Hiscox to a hold rating and reduced their target price for the stock from GBX 1,875 ($24.50) to GBX 1,470 ($19.21) in a research note on Tuesday. Numis Securities restated a hold rating on shares of Hiscox in a research note on Monday, July 30th. Berenberg Bank raised their target price on shares of Hiscox from GBX 1,630 ($21.30) to GBX 1,790 ($23.39) and gave the stock a buy rating in a research note on Monday, September 3rd. Peel Hunt restated a reduce rating on shares of Hiscox in a research note on Monday, October 15th. Finally, Royal Bank of Canada reiterated a sector perform rating on shares of Hiscox in a research note on Monday, November 5th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average target price of GBX 1,501.92 ($19.63).
Shares of HSX stock traded up GBX 18 ($0.24) during mid-day trading on Tuesday, hitting GBX 1,570 ($20.51). The stock had a trading volume of 1,038,413 shares, compared to its average volume of 721,158. Hiscox has a fifty-two week low of GBX 1,069.50 ($13.97) and a fifty-two week high of GBX 1,526 ($19.94).
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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