Hiscox (LON:HSX) Price Target Raised to GBX 1,900

Hiscox (LON:HSX) had its target price increased by stock analysts at Berenberg Bank from GBX 1,760 to GBX 1,900 in a research note issued to investors on Friday,London Stock Exchange reports. The brokerage currently has a “buy” rating on the stock. Berenberg Bank’s target price would indicate a potential upside of 17.14% from the stock’s current price.

Other equities analysts have also issued reports about the company. The Goldman Sachs Group upped their target price on Hiscox from GBX 1,560 to GBX 1,713 and gave the stock a “buy” rating in a research note on Wednesday, January 21st. JPMorgan Chase & Co. raised their price objective on Hiscox from GBX 1,600 to GBX 1,800 and gave the company an “overweight” rating in a report on Tuesday. Finally, Jefferies Financial Group reissued an “underperform” rating and set a GBX 1,148 price objective on shares of Hiscox in a report on Thursday. Four analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of GBX 1,570.17.

Hiscox Stock Down 0.7%

Shares of LON HSX opened at GBX 1,622 on Friday. The firm has a market capitalization of £5.21 billion, a P/E ratio of 9.27, a P/E/G ratio of -2.30 and a beta of 0.37. The stock’s 50-day simple moving average is GBX 1,540.12 and its two-hundred day simple moving average is GBX 1,452.60. Hiscox has a twelve month low of GBX 1,130 and a twelve month high of GBX 1,646.

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.