Hiscox (LON:HSX) Given New GBX 2,250 Price Target at Berenberg Bank

Hiscox (LON:HSX) had its price target raised by analysts at Berenberg Bank from GBX 2,150 to GBX 2,250 in a research report issued to clients and investors on Wednesday, Digital Look reports. The firm presently has a “buy” rating on the stock. Berenberg Bank‘s target price would suggest a potential upside of 14.33% from the company’s previous close.

HSX has been the subject of a number of other reports. Royal Bank Of Canada reaffirmed an “outperform” rating and set a GBX 2,000 target price on shares of Hiscox in a report on Thursday, August 6th. Jefferies Financial Group reiterated an “underperform” rating and issued a GBX 1,148 price target on shares of Hiscox in a research report on Tuesday. Peel Hunt reiterated an “add” rating and set a GBX 1,960 price target on shares of Hiscox in a research note on Wednesday, August 5th. JPMorgan Chase & Co. lifted their price target 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. Finally, Citigroup boosted their price objective on shares of Hiscox from GBX 1,611 to GBX 1,846 and gave the company a “neutral” rating in a research report on Thursday, August 6th. Five analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Hiscox currently has a consensus rating of “Moderate Buy” and an average price target of GBX 1,852.43.

Hiscox Stock Up 1.5%

Shares of LON:HSX opened at GBX 1,968 on Wednesday. The stock has a market capitalization of £6.23 billion, a PE ratio of 10.39, a price-to-earnings-growth ratio of -2.30 and a beta of 0.40. The firm’s 50 day moving average price is GBX 1,864.45 and its 200-day moving average price is GBX 1,708.11. Hiscox has a twelve month low of GBX 1,288 and a twelve month high of GBX 1,981.

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.