Hiscox Ltd (LON:HSX) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Hiscox Ltd (LON:HSX) have been assigned an average recommendation of “Moderate Buy” from the six research firms that are covering the firm, Marketbeat Ratings 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 price objective among analysts that have covered the stock in the last year is GBX 1,770.17.

Several analysts recently issued reports on the company. 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. Royal Bank Of Canada restated an “outperform” rating and set a GBX 1,850 price objective on shares of Hiscox in a research note on Wednesday, June 24th. JPMorgan Chase & Co. increased their target price on Hiscox from GBX 1,800 to GBX 2,050 and gave the stock an “overweight” rating in a research report on Friday, July 10th. 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. Finally, Berenberg Bank raised their target price on Hiscox from GBX 1,760 to GBX 1,900 and gave the company a “buy” rating in a research note on Friday, May 8th.

Hiscox Stock Up 0.7%

Shares of HSX stock opened at GBX 1,841 on Wednesday. The company has a market cap of £5.91 billion, a P/E ratio of 10.52, a PEG ratio of -2.30 and a beta of 0.40. The business has a 50 day moving average of GBX 1,806.73 and a two-hundred day moving average of GBX 1,612.67. Hiscox has a 52 week low of GBX 1,246 and a 52 week high of GBX 1,966.44.

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.