Hiscox Ltd (LON:HSX) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Hiscox Ltd (LON:HSX – Get Free Report) have been given a consensus rating of “Moderate Buy” by the six research firms that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation and five have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is GBX 1,728.50.

HSX has been the subject of a number of recent research reports. Berenberg Bank raised their price target on shares of Hiscox from GBX 1,760 to GBX 1,900 and gave the stock a “buy” rating in a research report on Friday, May 8th. Jefferies Financial Group reissued an “underperform” rating and set a GBX 1,148 price target on shares of Hiscox in a research report on Thursday, May 7th. Peel Hunt reissued an “add” rating and set a GBX 1,960 price target on shares of Hiscox in a research report on Thursday, May 28th. JPMorgan Chase & Co. raised their price objective on shares of Hiscox from GBX 1,600 to GBX 1,800 and gave the stock an “overweight” rating in a research note on Tuesday, May 5th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a GBX 1,850 price objective on shares of Hiscox in a research note on Monday, May 18th.

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Hiscox Trading Up 0.9%

HSX opened at GBX 1,780 on Friday. Hiscox has a 12-month low of GBX 1,217 and a 12-month high of GBX 1,890. The firm has a market capitalization of £5.71 billion, a PE ratio of 10.17, a P/E/G ratio of -2.30 and a beta of 0.40. The firm has a 50 day moving average of GBX 1,688.08 and a two-hundred day moving average of GBX 1,537.85.

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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