7 hours ago
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.
Confident Investing Starts Here:
Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
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
