Hiscox Ltd (LON:HSX) Receives Average Rating of “Moderate Buy” from Brokerages

Hiscox Ltd (LON:HSX – Get Free Report) has been given a consensus recommendation of “Moderate Buy” by the seven analysts that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is GBX 1,838.14.

A number of equities analysts have recently weighed in on HSX shares. Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 2,000 target price on shares of Hiscox in a report on Thursday, August 6th. JPMorgan Chase & Co. upped their price target on shares of Hiscox from GBX 1,800 to GBX 2,050 and gave the company an “overweight” rating in a research report on Friday, July 10th. Peel Hunt reaffirmed an “add” rating and issued a GBX 1,960 price objective on shares of Hiscox in a report on Wednesday, August 5th. Citigroup increased their price target on shares of Hiscox from GBX 1,611 to GBX 1,846 and gave the stock a “neutral” rating in a report on Thursday, August 6th. Finally, Berenberg Bank reiterated a “buy” rating and issued a GBX 2,150 price objective on shares of Hiscox in a research report on Monday, August 24th.

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Hiscox Price Performance

Shares of HSX opened at GBX 1,861 on Monday. The stock’s 50-day moving average is GBX 1,843.46 and its two-hundred day moving average is GBX 1,751.09. The stock has a market cap of £5.91 billion, a PE ratio of 9.83, a P/E/G ratio of -2.30 and a beta of 0.40. Hiscox has a 12 month low of GBX 1,288 and a 12 month high of GBX 1,966.44.

About Hiscox

(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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