Hiscox (HSX) Price Target Lowered to GBX 1,640 at UBS Group

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).

In related news, insider Hamayou Akbar Hussain sold 40,255 shares of the firm’s stock in a transaction dated Thursday, October 4th. The shares were sold at an average price of GBX 1,667 ($21.78), for a total value of £671,050.85 ($876,846.79). Also, insider Bronek E. Masojada sold 50,000 shares of the firm’s stock in a transaction dated Friday, August 31st. The shares were sold at an average price of GBX 1,695 ($22.15), for a total transaction of £847,500 ($1,107,408.86).

About Hiscox

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.

Featured Article: Determine Your Level of Risk Tolerance

Analyst Recommendations for Hiscox (LON:HSX)

Receive News & Ratings for Hiscox Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hiscox and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply