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Analysts Offer Insights on Financial Companies: Allstate (ALL), Standard Chartered (OtherSCBFF) and Hiscox (OtherHCXLF)

Companies in the Financial sector have received a lot of coverage today as analysts weigh in on Allstate (ALLResearch Report), Standard Chartered (SCBFFResearch Report) and Hiscox (HCXLFResearch Report).

Allstate (ALL)

Raymond James analyst Charles Peters maintained a Buy rating on Allstate today and set a price target of $145.00. The company’s shares closed last Friday at $123.38.

According to TipRanks.com, Peters is a 5-star analyst with an average return of 8.5% and a 63.0% success rate. Peters covers the Financial sector, focusing on stocks such as Argo Group International Holdings, American Equity Investment Life, and Arthur J Gallagher & Co.

Currently, the analyst consensus on Allstate is a Moderate Buy with an average price target of $135.40, a 9.7% upside from current levels. In a report issued on March 2, Goldman Sachs also upgraded the stock to Buy with a $142.00 price target.

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Standard Chartered (SCBFF)

In a report released today, Raul Sinha from J.P. Morgan reiterated a Buy rating on Standard Chartered, with a price target of p610.00. The company’s shares closed last Wednesday at $6.62.

Sinha has an average return of 0.5% when recommending Standard Chartered.

According to TipRanks.com, Sinha is ranked #2350 out of 7784 analysts.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Standard Chartered with a $7.98 average price target, a 23.8% upside from current levels. In a report issued on March 1, Berenberg Bank also reiterated a Buy rating on the stock with a p640.00 price target.

Hiscox (HCXLF)

In a report issued on March 11, Ivan Bokhmat from Barclays reiterated a Hold rating on Hiscox, with a price target of p1027.00. The company’s shares closed last Friday at $13.00.

Bokhmat has an average return of 6.0% when recommending Hiscox.

According to TipRanks.com, Bokhmat is ranked #2207 out of 7784 analysts.

Hiscox has an analyst consensus of Moderate Buy, with a price target consensus of $14.34, implying a 10.3% upside from current levels. In a report issued on March 3, RBC Capital also initiated coverage with a Hold rating on the stock with a p1000.00 price target.

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