Hiscox (HCXLF) was upgraded to a Buy Rating at Barclays
In a report released today, Ivan Bokhmat from Barclays upgraded Hiscox (HCXLF – Research Report) to a Buy, with a price target of p1,400.00. The company's shares closed last Tuesday at $18.00.
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Bokhmat covers the Financial sector, focusing on stocks such as Beazley, Lancashire Holdings, and Munich Reinsurance. According to TipRanks, Bokhmat has an average return of 6.0% and a 57.14% success rate on recommended stocks.
In addition to Barclays, Hiscox also received a Buy from Jefferies's Philip Kett in a report issued on June 8. However, on June 6, Citi reiterated a Hold rating on Hiscox (Other OTC: HCXLF).
Based on Hiscox's latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $861.15 million and a net profit of $129.45 million. In comparison, last year the company earned a revenue of $820.75 million and had a net profit of $125.05 million
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