Hiscox (LON:HSX) Price Target Raised to GBX 1,713

Hiscox (LON:HSX) had its price target boosted by The Goldman Sachs Group from GBX 1,560 to GBX 1,713 in a report issued on Wednesday, MarketBeat reports. The Goldman Sachs Group currently has a buy rating on the stock.

Several other equities research analysts have also commented on the stock. Jefferies Financial Group raised shares of Hiscox to a “buy” rating and lowered their price target for the company from GBX 1,500 to GBX 1,068 in a report on Wednesday, November 12th. Berenberg Bank reissued a “buy” rating and issued a GBX 1,580 price objective on shares of Hiscox in a report on Thursday, November 6th. Finally, JPMorgan Chase & Co. raised their target price on Hiscox from GBX 1,400 to GBX 1,500 and gave the stock an “overweight” rating in a report on Thursday, November 6th. Five investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of GBX 1,453.50.

Hiscox Price Performance

HSX stock opened at GBX 1,508 on Wednesday. The firm’s fifty day simple moving average is GBX 1,385.44 and its 200-day simple moving average is GBX 1,348.84. The company has a market capitalization of £4.89 billion, a P/E ratio of 8.84, a price-to-earnings-growth ratio of -2.30 and a beta of 0.65. Hiscox has a 12 month low of GBX 1,030 and a 12 month high of GBX 1,537.

Hiscox Company Profile

Hiscox Ltd, through its subsidiaries, provides insurance and reinsurance services in the United Kingdom, Europe, the United States, and internationally. The company operates through four segments: Hiscox Retail, Hiscox London Market, Hiscox Re & ILS, and Corporate Centre. It offers commercial insurance for small-and medium-sized businesses; and personal lines cover, including high-value household, fine art, and luxury motor, as well as artwork, antiques, classic cars, jewelry, collectables, and other assets through brokers, partners, and direct-to-consumers.