Hiscox Ltd (LON:HSX) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Hiscox Ltd (LON:HSX) has been assigned a consensus recommendation of “Moderate Buy” from the six ratings firms that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is GBX 1,453.50.

HSX has been the subject of several research analyst reports. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 1,580 price objective on shares of Hiscox in a research report on Thursday, November 6th. Jefferies Financial Group upgraded shares of Hiscox to a “buy” rating and lowered their price objective for the stock from GBX 1,500 to GBX 1,068 in a research note on Wednesday, November 12th. The Goldman Sachs Group upped their target price on Hiscox from GBX 1,560 to GBX 1,713 and gave the company a “buy” rating in a research report on Wednesday, January 21st. Finally, JPMorgan Chase & Co. lifted their price target on Hiscox from GBX 1,400 to GBX 1,500 and gave the stock an “overweight” rating in a research report on Thursday, November 6th.

Hiscox Stock Down 0.6%

Shares of Hiscox stock opened at GBX 1,438.86 on Friday. The company has a market cap of £4.67 billion, a P/E ratio of 8.44, a PEG ratio of -2.30 and a beta of 0.65. The firm’s 50 day moving average price is GBX 1,433.89 and its 200-day moving average price is GBX 1,372.12. Hiscox has a 52-week low of GBX 1,030 and a 52-week high of GBX 1,555.

Hiscox Company Profile

Hiscox Ltd, through its subsidiaries, provides insurance and reinsurance services in the United Kingdom, Europe, the United States, and internationally. The company operates through four segments: Hiscox Retail, Hiscox London Market, Hiscox Re & ILS, and Corporate Centre. It offers commercial insurance for small-and medium-sized businesses; and personal lines cover, including high-value household, fine art, and luxury motor, as well as artwork, antiques, classic cars, jewelry, collectables, and other assets through brokers, partners, and direct-to-consumers.