Hiscox (LON:HSX) Given “Reduce” Rating at Peel Hunt

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Hiscox (LON:HSX)‘s stock had its “reduce” rating reiterated by equities research analysts at Peel Hunt in a research report issued to clients and investors on Friday, ThisIsMoney.Co.Uk reports.

Other equities research analysts also recently issued reports about the company. Berenberg Bank reaffirmed a “hold” rating and set a GBX 1,581 ($20.66) price target on shares of in a research report on Tuesday, June 11th. JPMorgan Chase & Co. raised M.D.C. from an “underweight” rating to a “neutral” rating in a research report on Monday, July 8th. Royal Bank of Canada began coverage on Avantor in a research report on Tuesday, June 11th. They set an “outperform” rating and a $22.00 price target on the stock. Barclays increased their price target on from GBX 7,500 ($98.00) to GBX 8,100 ($105.84) and gave the stock an “overweight” rating in a research report on Monday, July 8th. Finally, Jefferies Financial Group set a €50.00 ($58.14) price target on Lanxess and gave the stock a “neutral” rating in a research report on Tuesday, May 14th. Three investment 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 a consensus target price of GBX 1,527.36 ($19.96).

Shares of HSX opened at GBX 1,707 ($22.30) on Friday. The stock’s 50-day moving average is GBX 1,695.92. The firm has a market cap of $4.92 billion and a P/E ratio of 38.53. The company has a debt-to-equity ratio of 30.21, a current ratio of 0.74 and a quick ratio of 0.48. Hiscox has a fifty-two week low of GBX 1,411 ($18.44) and a fifty-two week high of GBX 1,795 ($23.45).

Hiscox Company Profile

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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