Hiscox Ltd (LON:HSX) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Hiscox Ltd (LON:HSX) has received a consensus rating of “Moderate Buy” from the six brokerages that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating and five have issued a buy rating on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is GBX 1,770.17.

A number of research firms recently commented on HSX. Peel Hunt reiterated an “add” rating and set a GBX 1,960 price target on shares of Hiscox in a report on Thursday, May 28th. Berenberg Bank lifted their target price on Hiscox from GBX 1,760 to GBX 1,900 and gave the stock a “buy” rating in a research note on Friday, May 8th. Royal Bank Of Canada restated an “outperform” rating and issued a GBX 1,850 price target on shares of Hiscox in a research note on Wednesday, June 24th. JPMorgan Chase & Co. raised their price target on Hiscox from GBX 1,800 to GBX 2,050 and gave the company an “overweight” rating in a report on Friday, July 10th. Finally, Jefferies Financial Group reiterated an “underperform” rating and issued a GBX 1,148 price objective on shares of Hiscox in a report on Thursday, May 7th.

Hiscox Price Performance

Shares of HSX opened at GBX 1,858 on Wednesday. The company has a market cap of £5.96 billion, a PE ratio of 10.62, a price-to-earnings-growth ratio of -2.30 and a beta of 0.40. The firm has a 50-day moving average of GBX 1,781.26 and a 200-day moving average of GBX 1,597.28. Hiscox has a one year low of GBX 1,246 and a one year high of GBX 1,966.44.

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.