Hiscox Ltd (LON:HSX) Receives GBX 1,770.17 Average PT from Analysts

Hiscox Ltd (LON:HSX) has been assigned a consensus recommendation of “Moderate Buy” from the six analysts that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating and five have given a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is GBX 1,770.17.

HSX has been the topic of several research analyst reports. JPMorgan Chase & Co. boosted their price target on shares of Hiscox from GBX 1,800 to GBX 2,050 and gave the company an “overweight” rating in a research report on Friday, July 10th. Berenberg Bank raised their price objective on shares of Hiscox from GBX 1,760 to GBX 1,900 and gave the stock a “buy” rating in a report on Friday, May 8th. Peel Hunt reaffirmed an “add” rating and set a GBX 1,960 price objective on shares of Hiscox in a research report on Thursday, May 28th. Royal Bank Of Canada reiterated an “outperform” rating and set a GBX 1,850 target price on shares of Hiscox in a report on Wednesday, June 24th. Finally, Jefferies Financial Group reissued an “underperform” rating and issued a GBX 1,148 target price on shares of Hiscox in a research report on Thursday, May 7th.

Hiscox Trading Down 0.6%

Hiscox stock opened at GBX 1,866 on Wednesday. The firm has a market cap of £5.99 billion, a P/E ratio of 10.66, a P/E/G ratio of -2.30 and a beta of 0.40. Hiscox has a 1-year low of GBX 1,246 and a 1-year high of GBX 1,966.44. The firm has a 50-day moving average of GBX 1,797.70 and a 200-day moving average of GBX 1,606.79.

Hiscox Company Profile

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.