Hiscox (LON:HSX) Hits New 1-Year High – Should You Buy?

Hiscox Ltd (LON:HSX)’s stock price hit a new 52-week high on Thursday . The company traded as high as GBX 1,890 and last traded at GBX 1,887, with a volume of 667171 shares traded. The stock had previously closed at GBX 1,870.

Analysts Set New Price Targets

Several equities analysts recently weighed in on HSX shares. JPMorgan Chase & Co. lifted their price target on shares of Hiscox from GBX 1,800 to GBX 2,050 and gave the company an “overweight” rating in a report on Friday. Peel Hunt reiterated an “add” rating and issued a GBX 1,960 price target on shares of Hiscox in a research note on Thursday, May 28th. Jefferies Financial Group reissued an “underperform” rating and set a GBX 1,148 price objective on shares of Hiscox in a report on Thursday, May 7th. Royal Bank Of Canada restated an “outperform” rating and set a GBX 1,850 price objective on shares of Hiscox in a research report on Wednesday, June 24th. Finally, Berenberg Bank lifted their target price on Hiscox from GBX 1,760 to GBX 1,900 and gave the stock a “buy” rating in a report on Friday, May 8th. Five research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of GBX 1,770.17.

Hiscox Trading Down 1.9%

The business has a 50-day moving average price of GBX 1,768.68 and a 200 day moving average price of GBX 1,590.18. The stock has a market capitalization of £5.98 billion, a P/E ratio of 10.64, 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.