Berenberg Bank Reiterates Buy Rating for Hiscox (LON:HSX)

Hiscox (LON:HSX)‘s stock had its “buy” rating reiterated by equities research analysts at Berenberg Bank in a research report issued on Monday,Digital Look reports. They currently have a GBX 2,150 target price on the stock. Berenberg Bank’s price target indicates a potential upside of 18.72% from the stock’s current price.

A number of other research analysts have also recently issued reports on HSX. Jefferies Financial Group reissued an “underperform” rating and issued a GBX 1,148 price objective on shares of Hiscox in a research note on Thursday, May 7th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a GBX 2,000 price objective on shares of Hiscox in a research note on Thursday, August 6th. JPMorgan Chase & Co. upped their price target 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. Peel Hunt reaffirmed an “add” rating and set a GBX 1,960 price target on shares of Hiscox in a research note on Wednesday, August 5th. Finally, Citigroup lifted their price target on shares of Hiscox from GBX 1,611 to GBX 1,846 and gave the stock a “neutral” rating in a report on Thursday, August 6th. Five investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of GBX 1,838.14.

Hiscox Stock Up 0.9%

HSX opened at GBX 1,811 on Monday. Hiscox has a 12-month low of GBX 1,257.18 and a 12-month high of GBX 1,966.44. The stock has a market cap of £5.79 billion, a price-to-earnings ratio of 10.35, a PEG ratio of -2.30 and a beta of 0.40. The business has a 50 day moving average of GBX 1,822.49 and a 200-day moving average of GBX 1,670.66.

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.