Hiscox Ltd (OTCMKTS:HCXLF) Receives Consensus ‘Moderate Buy’ Rating from Analysts


Shares of Hiscox Ltd (OTCMKTS: HCXLFGet a rating) have obtained an average rating of “Hold” from the eleven rating agencies that currently cover the company, Market Beat Ratings reports. Four analysts rated the stock with a hold recommendation and three gave the company a buy recommendation. The 1-year average price target among brokerages that have issued ratings on the stock in the past year is $2,236.34.

Several research analysts have recently published reports on HCXLF shares. Royal Bank of Canada reiterated a “holding” rating and issued a $1,000.00 price target on Hiscox shares in a report on Friday, April 1. Investec upgraded Hiscox shares from a “hold” rating to a “buy” rating in a Monday, April 25 report. HSBC upgraded Hiscox shares from a “hold” rating to a “buy” rating in a Friday, May 6 report. Barclays raised its price target on Hiscox shares from 1,027 GBX ($12.60) to 1,067 GBX ($13.09) in a Wednesday, April 20 research report. Finally, Morgan Stanley raised its price target on Hiscox shares from 1,159 GBX ($14.22) to 1,194 GBX ($14.65) in a Friday, May 6 research report.

OTCMKTS HCXLF opened at $11.40 on Friday. Hiscox has a 52-week low of $10.80 and a 52-week high of $13.23. The company has a 50-day moving average price of $11.59 and a two-hundred-day moving average price of $11.96.

About Hiscox (Get a rating)

Hiscox Ltd, through its subsidiaries, provides insurance and reinsurance services in the UK, Europe, USA and internationally. The Company operates through four segments: Hiscox Retail, Hiscox London Market, Hiscox Re & ILS and Corporate Centre. It provides commercial insurance to small and medium sized businesses, personal lines coverage including high value household, fine art, luxury automobiles and classic cars through brokers, partners and consumers direct using traditional and digital business models.

Further reading

Analyst Recommendations for Hiscox (OTCMKTS:HCXLF)



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