Hiscox (LON:HSX) had its target price reduced by UBS Group from GBX 1,550 ($20.25) to GBX 1,410 ($18.42) in a research note issued to investors on Thursday morning, ThisIsMoney.Co.Uk reports. They currently have a neutral rating on the stock.
A number of other analysts have also recently issued reports on HSX. Peel Hunt reiterated a reduce rating and issued a GBX 1,010 ($13.20) target price on shares of Hiscox in a research note on Thursday. Shore Capital reiterated a hold rating on shares of Hiscox in a research note on Monday, November 4th. Royal Bank of Canada reduced their target price on shares of Hiscox from GBX 1,450 ($18.95) to GBX 1,350 ($17.64) and set a sector performer rating for the company in a research note on Tuesday, November 5th. JPMorgan Chase & Co. reduced their target price on shares of Hiscox from GBX 1,800 ($23.52) to GBX 1,750 ($22.87) and set an overweight rating for the company in a research note on Monday, September 16th. Finally, Canaccord Genuity lifted their target price on shares of Hiscox from GBX 1,580 ($20.65) to GBX 1,600 ($20.91) and gave the company a sell rating in a research note on Tuesday, July 30th. Four research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the stock. Hiscox presently has a consensus rating of Hold and an average target price of GBX 1,430.25 ($18.69).
LON HSX traded down GBX 56 ($0.73) during trading on Thursday, reaching GBX 1,213 ($15.85). The company’s stock had a trading volume of 1,360,165 shares, compared to its average volume of 721,158. The company has a current ratio of 0.44, a quick ratio of 0.10 and a debt-to-equity ratio of 30.74. The stock has a market capitalization of $3.65 billion and a PE ratio of 27.95. The business has a 50-day moving average price of GBX 1,547.82 and a 200-day moving average price of GBX 1,630.07. Hiscox has a 1-year low of GBX 1,387 ($18.12) and a 1-year high of GBX 1,795 ($23.45).
In other news, insider Roberts S. Childs sold 400 shares of the business’s stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of GBX 1,641 ($21.44), for a total value of £6,564 ($8,577.03). Also, insider Bronek E. Masojada sold 37,500 shares of the business’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of GBX 1,575 ($20.58), for a total transaction of £590,625 ($771,756.17). Insiders sold 77,900 shares of company stock valued at $125,098,900 over the last 90 days.
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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