Hiscox (HSX) Receives New Coverage from Analysts at Berenberg Bank

Berenberg Bank started coverage on shares of Hiscox (LON:HSX) in a research report sent to investors on Wednesday. The firm issued a buy rating and a GBX 1,580 ($21.27) price target on the stock.

A number of other brokerages have also recently commented on HSX. Peel Hunt reiterated a reduce rating and issued a GBX 980 ($13.19) target price on shares of Hiscox in a research report on Thursday, August 24th. J P Morgan Chase & Co reiterated an overweight rating on shares of Hiscox in a research report on Thursday, November 16th. Barclays lifted their target price on shares of Hiscox from GBX 1,190 ($16.02) to GBX 1,211 ($16.30) and gave the stock an underweight rating in a research report on Monday, December 11th. Finally, Shore Capital reissued a buy rating on shares of Hiscox in a report on Monday, October 2nd. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the stock. Hiscox presently has an average rating of Hold and a consensus target price of GBX 1,256 ($16.90).

Hiscox (LON:HSX) opened at GBX 1,411.56 ($19.00) on Wednesday. Hiscox has a 52-week low of GBX 978 ($13.16) and a 52-week high of GBX 1,470 ($19.78).

In related news, insider Richard Watson sold 50,000 shares of the business’s stock in a transaction dated Friday, November 10th. The shares were sold at an average price of GBX 1,450 ($19.52), for a total transaction of £725,000 ($975,773.89). Also, insider Colin D. Keogh acquired 1,057 shares of the company’s stock in a transaction that occurred on Friday, September 29th. The shares were acquired at an average cost of GBX 1,280 ($17.23) per share, for a total transaction of £13,529.60 ($18,209.42).

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Hiscox Company Profile

Hiscox Limited is a Bermuda-based insurer company. The Company is a holding company for subsidiaries involved in the business of insurance and reinsurance in Bermuda, the United States, the United Kingdom, Guernsey, Europe and Asia. It operates through four segments: Hiscox Retail, Hiscox London Market, Hiscox Re and Corporate Centre.

Analyst Recommendations for Hiscox (LON:HSX)

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