Barclays Trims Hiscox (OTCMKTS:HCXLF) Target Price to GBX 1,080

Hiscox (OTCMKTS:HCXLF – Get Rating) had its price objective reduced by Barclays from GBX 1,102 ($13.71) to GBX 1,080 ($13.43) in a research note published on Monday morning, The Fly reports.

A number of other research analysts also recently issued reports on HCXLF. HSBC downgraded shares of Hiscox from a buy rating to a hold rating in a research report on Thursday, February 9th. JPMorgan Chase & Co. upgraded shares of Hiscox from an underweight rating to a neutral rating in a research report on Thursday, January 26th. Finally, Morgan Stanley boosted their target price on shares of Hiscox from GBX 1,352 ($16.82) to GBX 1,404 ($17.46) in a research report on Wednesday, March 29th.

Hiscox Stock Performance

OTCMKTS:HCXLF opened at $13.00 on Monday. The firm has a fifty day simple moving average of $13.01 and a 200-day simple moving average of $12.56. Hiscox has a 12 month low of $10.52 and a 12 month high of $13.50.

About Hiscox

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Hiscox Ltd, through its subsidiaries, provides insurance and reinsurance services in the United Kingdom, 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, personal lines cover, including high-value household, fine art, luxury motor, and classic car through brokers, partners and direct-to-consumer using both traditional and digital trading models.