Hiscox Ltd (LON:HSX) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Hiscox Ltd (LON:HSX) have been given an average rating of “Moderate Buy” by the six research firms that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is GBX 1,453.50.

A number of equities analysts recently weighed in on HSX shares. Berenberg Bank restated a “buy” rating and set a GBX 1,580 price target on shares of Hiscox in a research report on Thursday, November 6th. Jefferies Financial Group raised shares of Hiscox to a “buy” rating and decreased their target price for the stock from GBX 1,500 to GBX 1,068 in a research note on Wednesday, November 12th. The Goldman Sachs Group upped their price target on Hiscox from GBX 1,560 to GBX 1,713 and gave the company a “buy” rating in a research report on Wednesday. Finally, JPMorgan Chase & Co. lifted their price objective on Hiscox from GBX 1,400 to GBX 1,500 and gave the stock an “overweight” rating in a research report on Thursday, November 6th.

Hiscox Trading Down 0.3%

HSX traded down GBX 5 on Wednesday, hitting GBX 1,485. 100,553,281 shares of the company’s stock were exchanged, compared to its average volume of 10,756,525. Hiscox has a fifty-two week low of GBX 1,030 and a fifty-two week high of GBX 1,516. The stock has a market cap of £4.82 billion, a price-to-earnings ratio of 8.71, a P/E/G ratio of -2.30 and a beta of 0.65. The firm has a 50-day moving average price of GBX 1,377.26 and a 200-day moving average price of GBX 1,344.94.

About Hiscox

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.