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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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This research is produced by Accendo Markets Limited. Research produced and disseminated by Accendo Markets is classified as non-independent research, and is therefore a marketing communication. This investment research has not been prepared in accordance with legal requirements designed to promote its independence and it is not subject to the prohibition on dealing ahead of the dissemination of investment research. This research does not constitute a personal recommendation or offer to enter into a transaction or an investment, and is produced and distributed for information purposes only.


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