Analysts Set Hiscox Ltd (LON:HSX) Target Price at GBX 1,453.50

Hiscox Ltd (LON:HSX) has received an average recommendation of “Moderate Buy” from the six brokerages that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is GBX 1,453.50.

Several equities research analysts have issued reports on HSX shares. JPMorgan Chase & Co. boosted their price objective on shares of Hiscox from GBX 1,400 to GBX 1,500 and gave the stock an “overweight” rating in a research note on Thursday, November 6th. Jefferies Financial Group raised shares of Hiscox to a “buy” rating and decreased their price target for the stock from GBX 1,500 to GBX 1,068 in a research 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 research report on Thursday, November 6th. Finally, The Goldman Sachs Group boosted their price objective on Hiscox from GBX 1,560 to GBX 1,713 and gave the stock a “buy” rating in a research note on Wednesday, January 21st.

Hiscox Stock Performance

HSX opened at GBX 1,464 on Friday. Hiscox has a 1 year low of GBX 1,031 and a 1 year high of GBX 1,555. The firm has a 50 day moving average price of GBX 1,446.74 and a 200 day moving average price of GBX 1,378.40. The company has a market cap of £4.75 billion, a PE ratio of 8.59, a price-to-earnings-growth ratio of -2.30 and a beta of 0.65.

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.