Hiscox (LON:HSX – Get Free Report)‘s stock had its “underperform” rating restated by stock analysts at Jefferies Financial Group in a note issued to investors on Tuesday, Digital Look reports. They presently have a GBX 1,148 price target on the stock. Jefferies Financial Group‘s target price suggests a potential downside of 41.00% from the stock’s current price.
A number of other analysts have also commented on the stock. Berenberg Bank reaffirmed a “buy” rating and set a GBX 2,150 target price on shares of Hiscox in a report on Monday, August 24th. Citigroup raised their price target on Hiscox from GBX 1,611 to GBX 1,846 and gave the stock a “neutral” rating in a research report on Thursday, August 6th. JPMorgan Chase & Co. lifted their price objective on Hiscox from GBX 1,800 to GBX 2,050 and gave the stock an “overweight” rating in a research note on Friday, July 10th. Peel Hunt reiterated an “add” rating and issued a GBX 1,960 price objective on shares of Hiscox in a report on Wednesday, August 5th. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a GBX 2,000 target price on shares of Hiscox in a research note on Thursday, August 6th. Five investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Hiscox has an average rating of “Moderate Buy” and an average price target of GBX 1,838.14.
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Hiscox Stock Performance
Shares of HSX opened at GBX 1,945.80 on Tuesday. Hiscox has a 52 week low of GBX 1,288 and a 52 week high of GBX 1,966.44. The firm has a market capitalization of £6.16 billion, a price-to-earnings ratio of 10.27, a PEG ratio of -2.30 and a beta of 0.40. The business’s fifty day moving average price is GBX 1,862.31 and its two-hundred day moving average price is GBX 1,705.35.
Hiscox Company Profile
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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