Hiscox (LON:HSX – Get Free Report)‘s stock had its “outperform” rating restated by Royal Bank Of Canada in a note issued to investors on Thursday, MarketBeat reports. They presently have a GBX 2,000 target price on the stock. Royal Bank Of Canada’s price objective would indicate a potential upside of 9.35% from the stock’s previous close.
Other equities analysts also recently issued research reports about the company. Citigroup increased 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. JPMorgan Chase & Co. increased their target price on Hiscox from GBX 1,800 to GBX 2,050 and gave the company an “overweight” rating in a research report on Friday, July 10th. Jefferies Financial Group reissued an “underperform” rating and issued a GBX 1,148 price target on shares of Hiscox in a report on Thursday, May 7th. Berenberg Bank upped their price objective 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. Finally, Peel Hunt reaffirmed an “add” rating and set a GBX 1,960 price objective on shares of Hiscox in a report on Wednesday. Five equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of GBX 1,838.14.
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About Hiscox
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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