Hiscox Ltd (LON:HSX) Stock Has Consensus Price Target of GBX 1,838.14 According to Brokerages

Shares of Hiscox Ltd (LON:HSX) have received a consensus rating of “Moderate Buy” from the seven ratings firms that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and five have given a buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is GBX 1,838.14.

A number of equities research analysts have recently issued reports on HSX shares. JPMorgan Chase & Co. upped their target price on shares of Hiscox from GBX 1,800 to GBX 2,050 and gave the company an “overweight” rating in a report on Friday, July 10th. Citigroup lifted their price target on Hiscox from GBX 1,611 to GBX 1,846 and gave the stock a “neutral” rating in a report on Thursday, August 6th. Royal Bank Of Canada reissued an “outperform” rating and set a GBX 2,000 price target on shares of Hiscox in a research report on Thursday, August 6th. Berenberg Bank restated a “buy” rating and issued a GBX 2,150 price objective on shares of Hiscox in a research note on Monday, August 24th. Finally, Peel Hunt restated an “add” rating and issued a GBX 1,960 price objective on shares of Hiscox in a research note on Wednesday, August 5th.

Hiscox Price Performance

Shares of HSX opened at GBX 1,864 on Friday. The firm has a 50-day moving average of GBX 1,858.85 and a 200-day moving average of GBX 1,700.50. Hiscox has a one year low of GBX 1,288 and a one year high of GBX 1,966.44. The company has a market cap of £5.90 billion, a PE ratio of 9.84, 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.