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

Shares of Hiscox Ltd (LON:HSX) have been given a consensus recommendation of “Moderate Buy” by the seven ratings firms that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is GBX 1,838.14.

HSX has been the subject of a number of analyst reports. Berenberg Bank reissued a “buy” rating and set a GBX 2,150 price objective on shares of Hiscox in a report on Monday, August 24th. Jefferies Financial Group reaffirmed an “underperform” rating and issued a GBX 1,148 target price on shares of Hiscox in a report on Thursday, May 7th. JPMorgan Chase & Co. increased their target price on shares of Hiscox from GBX 1,800 to GBX 2,050 and gave the stock an “overweight” rating in a research report on Friday, July 10th. Peel Hunt reissued an “add” rating and set a GBX 1,960 price target on shares of Hiscox in a report on Wednesday, August 5th. Finally, Citigroup upped their price objective on shares of Hiscox from GBX 1,611 to GBX 1,846 and gave the stock a “neutral” rating in a research note on Thursday, August 6th.

Hiscox Stock Performance

LON HSX opened at GBX 1,862 on Thursday. Hiscox has a 1-year low of GBX 1,267 and a 1-year high of GBX 1,966.44. The company has a market capitalization of £5.96 billion, a price-to-earnings ratio of 10.64, a PEG ratio of -2.30 and a beta of 0.40. The stock’s 50 day moving average is GBX 1,831.74 and its two-hundred day moving average is GBX 1,690.61.

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.