Analysts Have Conflicting Sentiments on These Financial Companies: M&G Plc (Other OTC: MGPUF), First Republic Bank (NYSE: FRC) and Hiscox (Other OTC: HCXLF)

Analysts have been eager to weigh in on the Financial sector with new ratings on M&G Plc (MGPUFResearch Report), First Republic Bank (FRCResearch Report) and Hiscox (HCXLFResearch Report).

M&G Plc (MGPUF)

In a report issued on July 9, Larissa Van Deventer from Barclays maintained a Sell rating on M&G Plc, with a price target of £1.94. The company’s shares closed last Friday at $3.16.

According to TipRanks.com, Deventer is ranked #4030 out of 7617 analysts.

The word on The Street in general, suggests a Hold analyst consensus rating for M&G Plc with a $3.15 average price target, a -3.8% downside from current levels. In a report issued on July 1, Credit Suisse also initiated coverage with a Sell rating on the stock with a p215.00 price target.

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First Republic Bank (FRC)

Jefferies analyst Casey Haire maintained a Hold rating on First Republic Bank on July 14 and set a price target of $197.00. The company’s shares closed last Tuesday at $196.31, close to its 52-week high of $202.07.

Haire has an average return of 19.7% when recommending First Republic Bank.

According to TipRanks.com, Haire is ranked #672 out of 7617 analysts.

Currently, the analyst consensus on First Republic Bank is a Moderate Buy with an average price target of $206.71, implying a 5.9% upside from current levels. In a report issued on June 30, UBS also maintained a Hold rating on the stock with a $180.00 price target.

Hiscox (HCXLF)

Barclays analyst Ivan Bokhmat reiterated a Hold rating on Hiscox on July 16 and set a price target of p916.00. The company’s shares closed last Tuesday at $12.65.

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

According to TipRanks.com, Bokhmat is ranked #1998 out of 7617 analysts.

Currently, the analyst consensus on Hiscox is a Hold with an average price target of $12.37, implying a -1.8% downside from current levels. In a report issued on July 15, Citigroup also initiated coverage with a Hold rating on the stock.

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