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Home / Stocks and Markets at Lows / Hiscox Ltd (HSX.L) 04-05-20

This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.

Hiscox Ltd (HSX.L) 04-05-20

Shares in Hiscox Ltd (HSX.L) have fallen dramatically from recent highs of 1439p. Will it continue, or is this an opportunity to pick up a bargain?

  • Now trading at 668.4p (at time of writing). A return to previous highs would represent a rise of 115%.
  • The market often over-reacts to bad news. Traders should consider whether it is down for good reason, or is this another over-reaction?
  • Shares -62% from 12-month highs; +1% from 12 month lows.

Latest News

29 Apr:  Hiscox, the insurer, announced it was considering raising equity to assist in beating the pandemic.

28 Apr:  Barclays Capital reiterates its underweight rating on Hiscox Ltd (HSX) and reduced the target price to 996p (from 1001p).

23 Apr:  RBC Capital Markets reiterates its sector performer rating on Hiscox Ltd (HSX) and reduced the target price to 875p (from 1075p).

20 Apr:  Peel Hunt reiterates its reduce rating on Hiscox Ltd (HSX) and increased the target price to 1130p (from 800p).

Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires

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