Berenberg Bank Boosts Hiscox (HSX) Price Target to GBX 1,581

Hiscox (LON:HSX) had its target price upped by equities researchers at Berenberg Bank from GBX 1,569 ($20.50) to GBX 1,581 ($20.66) in a note issued to investors on Thursday, Digital Look reports. The firm presently has a “hold” rating on the stock. Berenberg Bank’s price objective points to a potential upside of 1.02% from the company’s current price.

Several other research analysts have also issued reports on the company. Peel Hunt restated a “reduce” rating on shares of Hiscox in a research report on Monday, February 25th. Royal Bank of Canada dropped their target price on Hiscox from GBX 1,650 ($21.56) to GBX 1,600 ($20.91) and set a “sector performer” rating for the company in a research report on Thursday, February 7th. UBS Group dropped their target price on Hiscox from GBX 1,640 ($21.43) to GBX 1,550 ($20.25) and set a “neutral” rating for the company in a research report on Friday, February 1st. Barclays boosted their target price on Hiscox from GBX 1,435 ($18.75) to GBX 1,447 ($18.91) and gave the company an “underweight” rating in a research report on Monday, January 21st. Finally, Numis Securities restated an “add” rating and set a GBX 1,740 ($22.74) target price on shares of Hiscox in a research report on Tuesday, February 19th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company’s stock. Hiscox presently has an average rating of “Hold” and an average target price of GBX 1,523.25 ($19.90).

HSX traded up GBX 6 ($0.08) on Thursday, hitting GBX 1,565 ($20.45). The company had a trading volume of 468,173 shares, compared to its average volume of 721,158. The firm has a market cap of $4.50 billion and a P/E ratio of 35.33. Hiscox has a 12-month low of GBX 1,411 ($18.44) and a 12-month high of GBX 1,727 ($22.57). The company has a current ratio of 0.74, a quick ratio of 0.48 and a debt-to-equity ratio of 30.21.

In related news, insider Colin D. Keogh purchased 901 shares of the firm’s stock in a transaction dated Friday, March 29th. The stock was purchased at an average price of GBX 1,557 ($20.34) per share, with a total value of £14,028.57 ($18,330.81). Also, insider Richard Watson sold 20,000 shares of Hiscox stock in a transaction that occurred on Monday, February 25th. The shares were sold at an average price of GBX 1,641 ($21.44), for a total transaction of £328,200 ($428,851.43).

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.

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Analyst Recommendations for Hiscox (LON:HSX)

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