Jefferies analyst Derald Goh downgraded Hiscox (HCXLF) to Underperform from Buy with a price target of 1,068 GBp, down from 1,500 GBp. The firm says the company’s business is “under-earning” while its return on equity lags peers.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on HCXLF:
- Hiscox Executes Share Buyback Program
- Hiscox Downgraded to ‘Sell’ Amid Prolonged Underperformance and Elevated Risks
- Hiscox Ltd Enhances Shareholder Value with Share Buyback
- Hiscox Announces Updated Estimates for Syndicates 33 and 6104
- Hiscox Advances Share Buyback Program with Recent Share Acquisition