Hiscox (LON:HSX) Given “Outperform” Rating at Royal Bank Of Canada

Hiscox (LON:HSX)‘s stock had its “outperform” rating reissued by Royal Bank Of Canada in a research note issued on Wednesday,Digital Look reports. They currently have a GBX 1,850 price target on the stock. Royal Bank Of Canada’s price objective suggests a potential upside of 3.47% from the company’s previous close.

HSX has been the topic of a number of other reports. Berenberg Bank raised their price target on Hiscox from GBX 1,760 to GBX 1,900 and gave the company a “buy” rating in a research note on Friday, May 8th. Jefferies Financial Group reaffirmed an “underperform” rating and set a GBX 1,148 price objective on shares of Hiscox in a research report on Thursday, May 7th. JPMorgan Chase & Co. increased their price objective on Hiscox from GBX 1,600 to GBX 1,800 and gave the company an “overweight” rating in a report on Tuesday, May 5th. Finally, Peel Hunt reissued an “add” rating and set a GBX 1,960 target price on shares of Hiscox in a research report on Thursday, May 28th. Five equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Hiscox has a consensus rating of “Moderate Buy” and an average target price of GBX 1,728.50.

Hiscox Trading Down 0.4%

Hiscox stock opened at GBX 1,788 on Wednesday. The stock has a market cap of £5.73 billion, a P/E ratio of 10.22, a price-to-earnings-growth ratio of -2.30 and a beta of 0.40. The company has a fifty day simple moving average of GBX 1,696.52 and a 200-day simple moving average of GBX 1,546.20. Hiscox has a 12-month low of GBX 1,217 and a 12-month high of GBX 1,890.

About Hiscox

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.