JP Morgan Cazenove Affirms Hiscox Rating

April 28, 2013

Bermuda-incorporated insurance provider Hiscox Ltd. had the neutral rating on their shares reiterated by in a research note issued to investors on Wednesday. The firm currently has a $7.49 target price on the stock.

A number of other firms have also recently commented on Hiscox. Analysts at Westhouse Securities reiterated a neutral rating on shares of Hiscox Ltd in a research note to investors on Thursday, April 11. They now have a $8.07 price target on the stock. Separately, analysts at Nomura raised their price target on shares of Hiscox Ltd from $7.63 to $7.95 in a research note to investors on Friday, April 5. They now have a reduce rating on the stock.

Finally, analysts at Barclays Capital raised their price target on shares of Hiscox Ltd from $7.68 to $8.67 in a research note to investors on Thursday, April 4. They now have an overweight rating on the stock.

Two research analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus target price of $7.82.

Hiscox Ltd. is a Bermuda holding company. The company is a specialist insurer that provides insurance and reinsurance services to its clients in Bermuda, the United Sates, the United Kingdom, Guernsey and Europe.

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