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

Hiscox Ltd (LON:HSX) has received an average rating of “Moderate Buy” from the six ratings firms that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and four have given a buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is GBX 1,466.83.

A number of research analysts have recently issued reports on the company. Jefferies Financial Group raised their target price on shares of Hiscox from GBX 1,068 to GBX 1,148 and gave the stock an “underperform” rating in a report on Thursday, March 5th. The Goldman Sachs Group increased their price objective on Hiscox from GBX 1,560 to GBX 1,713 and gave the stock a “buy” rating in a report on Wednesday, January 21st.

Hiscox Stock Performance

Hiscox stock opened at GBX 1,520 on Thursday. The firm’s fifty day moving average price is GBX 1,470.43 and its 200-day moving average price is GBX 1,396.63. Hiscox has a fifty-two week low of GBX 1,037 and a fifty-two week high of GBX 1,560.50. The stock has a market cap of £4.92 billion, a P/E ratio of 8.69, a PEG ratio of -2.30 and a beta of 0.37.

About Hiscox

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.