Hiscox (LON:HSX) PT Raised to GBX 1,050
Hiscox (LON:HSX) had its price objective raised by Morgan Stanley from GBX 910 ($11.20) to GBX 1,050 ($12.92) in a research report report published on Tuesday morning, Stock Target Advisor reports. The brokerage currently has an overweight rating on the stock.
A number of other equities research analysts have also issued reports on HSX. Goldman Sachs Group restated a buy rating on shares of Hiscox in a research report on Monday, April 27th. Royal Bank of Canada restated a sector performer rating on shares of Hiscox in a research report on Wednesday, May 6th. Barclays restated an equal weight rating on shares of Hiscox in a research report on Thursday, June 11th. Peel Hunt restated an add rating on shares of Hiscox in a research report on Monday, June 1st. Finally, Credit Suisse Group began coverage on Hiscox in a research report on Friday, May 15th. They issued an outperform rating and a GBX 950 ($11.69) price target for the company. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus target price of GBX 1,111.54 ($13.68).
Shares of Hiscox stock opened at GBX 788.60 ($9.70) on Tuesday. The business has a 50 day simple moving average of GBX 774.17 and a two-hundred day simple moving average of GBX 1,061.46. Hiscox has a 12 month low of GBX 635.40 ($7.82) and a 12 month high of GBX 1,795 ($22.09). The stock has a market capitalization of $2.63 billion and a P/E ratio of 46.17. The company has a debt-to-equity ratio of 36.52, a current ratio of 1.15 and a quick ratio of 0.72.
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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