Hiscox Ltd (LON:HSX) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Hiscox Ltd (LON:HSX) have received a consensus recommendation of “Moderate Buy” from the seven analysts that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is GBX 1,838.14.

A number of equities analysts have issued reports on the stock. Peel Hunt reaffirmed an “add” rating and issued a GBX 1,960 price objective on shares of Hiscox in a research note on Wednesday, August 5th. Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 2,000 price objective on shares of Hiscox in a report on Thursday, August 6th. JPMorgan Chase & Co. increased their target price 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. Berenberg Bank restated a “buy” rating and set a GBX 2,150 target price on shares of Hiscox in a research report on Monday, August 24th. 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.

Hiscox Stock Performance

Shares of LON HSX opened at GBX 1,862 on Thursday. Hiscox has a 1 year low of GBX 1,267 and a 1 year high of GBX 1,966.44. The firm’s 50-day moving average is GBX 1,831.74 and its 200-day moving average is GBX 1,690.61. The firm has a market capitalization of £5.96 billion, a PE ratio of 10.64, a price-to-earnings-growth 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.