Hiscox Ltd (OTCMKTS:HCXLF) has received a consensus rating of “Hold” from the fifteen ratings firms that are currently covering the stock, MarketBeat Ratings reports. Ten research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $12.03.
A number of equities analysts have commented on HCXLF shares. HSBC raised shares of Hiscox from a “hold” rating to a “buy” rating in a research note on Wednesday. Citigroup started coverage on shares of Hiscox in a research note on Thursday, July 15th. They set a “neutral” rating and a $12.03 target price on the stock. Bank of America started coverage on shares of Hiscox in a research note on Monday, April 26th. They issued a “neutral” rating on the stock. Barclays reissued an “equal weight” rating on shares of Hiscox in a research note on Friday, July 16th. Finally, Credit Suisse Group reissued an “outperform” rating on shares of Hiscox in a research note on Thursday, June 17th.
HCXLF stock remained flat at $$12.03 during trading on Friday. The firm’s fifty day moving average is $11.62. Hiscox has a 12-month low of $9.60 and a 12-month high of $14.56.
Hiscox Ltd, through its subsidiaries, provides insurance and reinsurance services in the United Kingdom, rest of Europe, the United States, and internationally. 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, household, media, events and entertainment, high net worth personal lines, fine art, and luxury motor through brokers, other insurers, and distribution partners, as well as directly to businesses online and telephone.
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