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

Hiscox (LON:HSX) had its price objective raised by equities researchers at Citigroup from GBX 1,611 to GBX 1,846 in a research report issued on Thursday, Marketbeat Ratings reports. The firm presently has a “neutral” rating on the stock. Citigroup’s price objective points to a potential upside of 0.93% from the stock’s current price.

Several other equities research analysts have also commented on the stock. Jefferies Financial Group reaffirmed an “underperform” rating and set a GBX 1,148 price target on shares of Hiscox in a research 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 note on Wednesday, June 24th. Peel Hunt reissued an “add” rating and set a GBX 1,960 price objective on shares of Hiscox in a research report on Wednesday. JPMorgan Chase & Co. raised their target price on Hiscox from GBX 1,800 to GBX 2,050 and gave the stock an “overweight” rating in a report on Friday, July 10th. Finally, Berenberg Bank boosted their price target on Hiscox from GBX 1,760 to GBX 1,900 and gave the company a “buy” rating in a report on Friday, May 8th. Five 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 MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of GBX 1,838.14.

Hiscox Trading Up 1.0%

Shares of HSX opened at GBX 1,829 on Thursday. The firm has a market cap of £5.85 billion, a PE ratio of 10.45, a P/E/G ratio of -2.30 and a beta of 0.40. The firm has a fifty day simple moving average of GBX 1,812.42 and a two-hundred day simple moving average of GBX 1,648.99. Hiscox has a 1-year low of GBX 1,257.18 and a 1-year 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.