Hiscox Ltd (LON:HSX) Stock Has Average Target Price of GBX 1,838.14

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

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

Hiscox Stock Performance

LON:HSX opened at GBX 1,811 on Friday. The business has a fifty day moving average of GBX 1,856.99 and a 200-day moving average of GBX 1,786.46. The stock has a market cap of £5.73 billion, a price-to-earnings ratio of 9.56, a PEG ratio of -2.30 and a beta of 0.40. Hiscox has a 1 year low of GBX 1,288 and a 1 year high of GBX 1,966.44.

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.