Brokerages Set Hiscox Ltd (LON:HSX) Price Target at GBX 1,838.14

Shares of Hiscox Ltd (LON:HSX) have received a consensus recommendation of “Moderate Buy” from the seven analysts that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is GBX 1,838.14.

A number of equities research analysts recently weighed in on the stock. Royal Bank Of Canada reaffirmed an “outperform” rating and set a GBX 2,000 price target on shares of Hiscox in a research note on Thursday, August 6th. JPMorgan Chase & Co. upped 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. Berenberg Bank upped their price objective on shares of Hiscox from GBX 1,900 to GBX 2,150 and gave the company a “buy” rating in a research report on Friday, August 7th. Peel Hunt restated an “add” rating and set a GBX 1,960 target price on shares of Hiscox in a research note on Wednesday, August 5th. Finally, Jefferies Financial Group reaffirmed an “underperform” rating and set a GBX 1,148 target price on shares of Hiscox in a research report on Thursday, May 7th.

Hiscox Trading Up 0.6%

LON HSX opened at GBX 1,795 on Friday. The stock has a market cap of £5.74 billion, a P/E ratio of 10.26, a PEG ratio of -2.30 and a beta of 0.40. The company’s fifty day simple moving average is GBX 1,817.09 and its 200-day simple moving average is GBX 1,659.28. Hiscox has a 52 week low of GBX 1,257.18 and a 52 week high of GBX 1,966.44.

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.