Peel Hunt Reaffirms Add Rating for Hiscox (LON:HSX)

Hiscox (LON:HSX – Get Free Report)‘s stock had its “add” rating reiterated by analysts at Peel Hunt in a research note issued on Thursday,London Stock Exchange reports. They presently have a GBX 1,960 target price on the stock. Peel Hunt’s price target would suggest a potential upside of 10.48% from the stock’s previous close.

HSX has been the subject of a number of other research reports. JPMorgan Chase & Co. lifted their target price on Hiscox from GBX 1,600 to GBX 1,800 and gave the stock an “overweight” rating in a report on Tuesday, May 5th. Jefferies Financial Group reiterated an “underperform” rating and issued a GBX 1,148 target price on shares of Hiscox in a report on Thursday, May 7th. Royal Bank Of Canada reissued an “outperform” rating and set a GBX 1,850 price target on shares of Hiscox in a research note on Monday, May 18th. Finally, Berenberg Bank raised their price target on Hiscox from GBX 1,760 to GBX 1,900 and gave the stock a “buy” rating in a research note on Friday, May 8th. Five equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of GBX 1,728.50.

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Hiscox Stock Performance

Shares of Hiscox stock opened at GBX 1,774 on Thursday. The stock has a market cap of £5.70 billion, a price-to-earnings ratio of 10.14, a price-to-earnings-growth ratio of -2.30 and a beta of 0.37. The stock has a 50 day moving average price of GBX 1,613.45 and a 200-day moving average price of GBX 1,490.68. Hiscox has a one year low of GBX 1,217 and a one year high of GBX 1,890.

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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