Hiscox Ltd (LON:HSX) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Hiscox Ltd (LON:HSX) has received a consensus recommendation of “Moderate Buy” from the six analysts that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation and five have issued a buy recommendation on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is GBX 1,645.17.

A number of research firms have recently commented on HSX. 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 Monday, May 18th. Berenberg Bank lifted their target price on Hiscox from GBX 1,760 to GBX 1,900 and gave the company a “buy” rating in a research report on Friday, May 8th. Jefferies Financial Group reiterated an “underperform” rating and set a GBX 1,148 target price on shares of Hiscox in a report on Thursday, May 7th. Finally, JPMorgan Chase & Co. increased 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.

Hiscox Trading Down 0.3%

Shares of HSX stock opened at GBX 1,810 on Tuesday. Hiscox has a 1 year low of GBX 1,217 and a 1 year high of GBX 1,890. The firm’s fifty day moving average price is GBX 1,601.36 and its two-hundred day moving average price is GBX 1,484.40. The firm has a market capitalization of £5.82 billion, a P/E ratio of 10.34, a PEG ratio of -2.30 and a beta of 0.37.

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.