J P Morgan Chase & Co Reiterates “Overweight” Rating for Hiscox Ltd (HSX)

J P Morgan Chase & Co reaffirmed their overweight rating on shares of Hiscox Ltd (LON:HSX) in a research note published on Wednesday, Marketbeat.com reports. J P Morgan Chase & Co currently has a GBX 1,375 ($18.08) price objective on the stock.

Several other analysts also recently issued reports on the stock. Peel Hunt reissued a reduce rating and issued a GBX 980 ($12.89) price objective on shares of Hiscox in a research note on Thursday, September 7th. Morgan Stanley started coverage on shares of Hiscox in a research note on Tuesday, July 25th. They issued an equal weight rating and a GBX 1,380 ($18.15) price objective for the company. Credit Suisse Group downgraded shares of Hiscox to a neutral rating and raised their price objective for the stock from GBX 1,180 ($15.52) to GBX 1,305 ($17.16) in a research note on Tuesday, July 18th. Citigroup Inc. reissued a neutral rating and issued a GBX 1,330 ($17.49) price objective on shares of Hiscox in a research note on Friday, July 14th. Finally, Shore Capital reissued a buy rating on shares of Hiscox in a research note on Monday, July 31st. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. Hiscox currently has a consensus rating of Hold and an average price target of GBX 1,215 ($15.98).

Shares of Hiscox (LON HSX) traded up GBX 18 ($0.24) during midday trading on Wednesday, reaching GBX 1,450 ($19.07). 330,819 shares of the company’s stock traded hands, compared to its average volume of 541,644. Hiscox has a twelve month low of GBX 978 ($12.86) and a twelve month high of GBX 1,465 ($19.27).

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In other Hiscox news, insider Colin D. Keogh acquired 1,057 shares of the business’s stock in a transaction that occurred on Friday, September 29th. The shares were bought at an average cost of GBX 1,280 ($16.84) per share, with a total value of £13,529.60 ($17,795.08).

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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