Hiscox (LON:HSX) Earns “Add” Rating from Peel Hunt

Hiscox (LON:HSX – Get Free Report)‘s stock had its “add” rating reaffirmed by research analysts at Peel Hunt in a note issued to investors on Wednesday,Digital Look reports. They currently have a GBX 1,960 price objective on the stock. Peel Hunt’s price target suggests a potential upside of 8.59% from the company’s current price.

A number of other equities research analysts also recently weighed in on the stock. JPMorgan Chase & Co. boosted their price target on shares of Hiscox from GBX 1,800 to GBX 2,050 and gave the stock an “overweight” rating in a research note on Friday, July 10th. Berenberg Bank raised their price objective on shares of Hiscox from GBX 1,760 to GBX 1,900 and gave the company a “buy” rating in a research note on Friday, May 8th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a GBX 1,850 target price on shares of Hiscox in a report on Wednesday, June 24th. Finally, Jefferies Financial Group reiterated an “underperform” rating and set a GBX 1,148 target price on shares of Hiscox in a research report on Thursday, May 7th. Five equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of GBX 1,770.17.

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Hiscox Stock Performance

Hiscox stock traded up GBX 28 during trading hours on Wednesday, reaching GBX 1,805. 2,659,020 shares of the company’s stock traded hands, compared to its average volume of 11,386,282. Hiscox has a fifty-two week low of GBX 1,257.18 and a fifty-two week high of GBX 1,966.44. The firm has a market capitalization of £5.79 billion, a price-to-earnings ratio of 10.31, a PEG ratio of -2.30 and a beta of 0.40. The firm’s 50 day moving average is GBX 1,810.16 and its 200-day moving average is GBX 1,641.98.

Hiscox Company Profile

(Get Free Report)

Hiscox is a global, specialty insurer, listed on the London Stock Exchange and headquartered in Bermuda. We have grown from
our roots as a niche Lloyd’s of London underwriter into a diversified international insurance group operating across direct‑to‑consumer, broker and partner‑distributed retail insurance; large and complex commercial insurance; reinsurance and insurance‑linked strategies.

We currently employ over 3,000 people worldwide across 13 countries and 31 offices. We have a distinctive brand, energised and ambitious teams, a strong balance sheet, and plenty of room to grow in each of our chosen markets and lines of business.

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