Royal Bank of Canada Raises Hiscox (LON:HSX) Price Target to GBX 1,475
Hiscox (LON:HSX) had its target price lifted by Royal Bank of Canada from GBX 1,350 ($17.76) to GBX 1,475 ($19.40) in a report released on Tuesday morning, Stock Target Advisor reports. Royal Bank of Canada currently has a sector performer rating on the stock.
Several other brokerages also recently commented on HSX. Peel Hunt restated a reduce rating and set a GBX 1,010 ($13.29) price objective on shares of Hiscox in a research report on Thursday, November 7th. Peel Hunt reiterated a reduce rating on shares of Hiscox in a report on Thursday, January 16th. UBS Group reiterated a neutral rating on shares of Hiscox in a report on Thursday, January 16th. Shore Capital reiterated a hold rating on shares of Hiscox in a report on Monday, November 4th. Finally, Barclays reduced their price target on shares of Hiscox from GBX 1,552 ($20.42) to GBX 1,246 ($16.39) and set an underweight rating on the stock in a report on Wednesday, December 4th. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the company. The company has an average rating of Hold and a consensus target price of GBX 1,413.08 ($18.59).
Shares of HSX stock traded up GBX 17.50 ($0.23) on Tuesday, hitting GBX 1,343.50 ($17.67). 450,895 shares of the stock traded hands, compared to its average volume of 721,158. The firm has a market cap of $3.83 billion and a price-to-earnings ratio of 30.96. Hiscox has a 52 week low of GBX 1,140 ($15.00) and a 52 week high of GBX 1,795 ($23.61). The firm has a 50 day simple moving average of GBX 1,384.12 and a two-hundred day simple moving average of GBX 1,515.92. The company has a debt-to-equity ratio of 30.74, a current ratio of 0.44 and a quick ratio of 0.10.
Hiscox Ltd, together with its subsidiaries, provides insurance and reinsurance services. The company operates through four segments: Hiscox Retail, Hiscox London Market, Hiscox Re & ILS, and Corporate Centre. It provides commercial insurance for small-and medium-sized businesses, including household, fine art and collectibles, and luxury motor via brokers, through a growing network of partnerships, and directly to consumers.
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