Hiscox (LON:HSX) Price Target Raised to GBX 1,846 at Citigroup

Hiscox (LON:HSX) had its target price raised by stock analysts at Citigroup from GBX 1,611 to GBX 1,846 in a research report issued to clients and investors on Thursday,London Stock Exchange reports. The firm currently has a “neutral” rating on the stock. Citigroup’s price target would indicate a potential upside of 1.99% from the stock’s previous close.

Several other equities analysts have also commented on the stock. Peel Hunt restated an “add” rating and issued a GBX 1,960 target price on shares of Hiscox in a research report on Wednesday. Jefferies Financial Group reaffirmed an “underperform” rating and set a GBX 1,148 price target on shares of Hiscox in a report on Thursday, May 7th. Royal Bank Of Canada reiterated an “outperform” rating and set a GBX 1,850 price target on shares of Hiscox in a research report on Wednesday, June 24th. JPMorgan Chase & Co. boosted their price objective 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. Finally, Berenberg Bank upped their target price on Hiscox from GBX 1,760 to GBX 1,900 and gave the stock a “buy” rating in a research note on Friday, May 8th. Five equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of GBX 1,802.43.

Hiscox Stock Up 1.1%

HSX opened at GBX 1,810 on Thursday. Hiscox has a twelve month low of GBX 1,257.18 and a twelve month high of GBX 1,966.44. The company has a 50-day simple moving average of GBX 1,809.90 and a 200 day simple moving average of GBX 1,644.75. The stock has a market capitalization of £5.81 billion, a price-to-earnings ratio of 10.34, a P/E/G ratio of -2.30 and a beta of 0.40.

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.