Hiscox (LON:HSX) Upgraded by Royal Bank Of Canada to “Outperform” Rating

Hiscox (LON:HSX) was upgraded by equities research analysts at Royal Bank Of Canada to an “outperform” rating in a research note issued on Monday,London Stock Exchange reports. The brokerage currently has a GBX 1,850 price objective on the stock, up from their previous price objective of GBX 1,710. Royal Bank Of Canada’s price target points to a potential upside of 13.08% from the stock’s previous close.

A number of other equities research analysts have also issued reports on the company. JPMorgan Chase & Co. upped their price target on Hiscox from GBX 1,600 to GBX 1,800 and gave the company an “overweight” rating in a research report on Tuesday, May 5th. Berenberg Bank upped their price target on Hiscox from GBX 1,760 to GBX 1,900 and gave the company a “buy” rating in a research report on Friday. The Goldman Sachs Group upped their price target on Hiscox from GBX 1,560 to GBX 1,713 and gave the company a “buy” rating in a research report on Wednesday, January 21st. Finally, Jefferies Financial Group restated an “underperform” rating and issued a GBX 1,148 price target on shares of Hiscox in a research report on Thursday. Five equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of GBX 1,645.17.

Hiscox Price Performance

HSX stock opened at GBX 1,636 on Monday. The business has a 50 day simple moving average of GBX 1,540.12 and a 200-day simple moving average of GBX 1,452.60. The firm has a market capitalization of £5.26 billion, a PE ratio of 9.35, a price-to-earnings-growth ratio of -2.30 and a beta of 0.37. Hiscox has a 1 year low of GBX 1,130 and a 1 year high of GBX 1,647.

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.