Hiscox (LON:HSX) Price Target Raised to GBX 2,050 at JPMorgan Chase & Co.

Hiscox (LON:HSX) had its price objective raised by JPMorgan Chase & Co. from GBX 1,800 to GBX 2,050 in a research note issued to investors on Friday, Marketbeat reports. They currently have an overweight rating on the stock.

Several other research analysts have also weighed in on the stock. Berenberg Bank boosted 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 note on Friday, May 8th. Peel Hunt reiterated an “add” rating and issued a GBX 1,960 target price on shares of Hiscox in a research note on Thursday, May 28th. Royal Bank Of Canada reiterated an “outperform” rating and set a GBX 1,850 price target on shares of Hiscox in a report on Wednesday, June 24th. Finally, Jefferies Financial Group reiterated an “underperform” rating and set a GBX 1,148 price target on shares of Hiscox in a report on Thursday, May 7th. Five investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of GBX 1,770.17.

Hiscox Trading Down 1.9%

LON HSX opened at GBX 1,862.33 on Friday. The firm’s fifty day moving average price is GBX 1,768.68 and its two-hundred day moving average price is GBX 1,590.18. Hiscox has a 1 year low of GBX 1,224.83 and a 1 year high of GBX 1,966.44. The firm has a market capitalization of £5.98 billion, a P/E ratio of 10.64, a price-to-earnings-growth ratio of -2.30 and a beta of 0.40.

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.