Hiscox’s (HSX) Buy Rating Reiterated at Berenberg Bank

Berenberg Bank reiterated their buy rating on shares of Hiscox (LON:HSX) in a report released on Monday morning,Digital Look reports. Berenberg Bank currently has a GBX 2,150 target price on the stock.

A number of other research firms also recently issued reports on HSX. Peel Hunt reiterated an “add” rating and set a GBX 1,960 price target on shares of Hiscox in a research report on Wednesday, August 5th. Royal Bank Of Canada restated an “outperform” rating and issued a GBX 2,000 price target on shares of Hiscox in a report on Thursday, August 6th. JPMorgan Chase & Co. raised their price objective on Hiscox from GBX 1,800 to GBX 2,050 and gave the company an “overweight” rating in a research note on Friday, July 10th. Jefferies Financial Group reaffirmed an “underperform” rating and set a GBX 1,148 price objective on shares of Hiscox in a report on Thursday, May 7th. Finally, Citigroup boosted their target price on Hiscox from GBX 1,611 to GBX 1,846 and gave the stock a “neutral” rating in a research report on Thursday, August 6th. 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 company. According to MarketBeat.com, Hiscox currently has an average rating of “Moderate Buy” and an average target price of GBX 1,838.14.

Hiscox Trading Up 0.2%

HSX stock opened at GBX 1,830 on Monday. The company’s 50-day moving average price is GBX 1,825.96 and its 200 day moving average price is GBX 1,677.19. Hiscox has a 52 week low of GBX 1,257.18 and a 52 week high of GBX 1,966.44. The company has a market cap of £5.85 billion, a P/E ratio of 10.46, a P/E/G ratio of -2.30 and a beta of 0.40.

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.