Hiscox Ltd (LON:HSX) Given Average Recommendation of “Moderate Buy” by Analysts

Hiscox Ltd (LON:HSX) has been given a consensus recommendation of “Moderate Buy” by the six analysts that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation and five have given a buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is GBX 1,728.50.

A number of brokerages have recently commented on HSX. Berenberg Bank upped their price target on Hiscox from GBX 1,760 to GBX 1,900 and gave the stock a “buy” rating in a report on Friday, May 8th. JPMorgan Chase & Co. upped their price target on Hiscox from GBX 1,600 to GBX 1,800 and gave the stock an “overweight” rating in a report on Tuesday, May 5th. Jefferies Financial Group reiterated an “underperform” rating and set a GBX 1,148 price target on shares of Hiscox in a report on Thursday, May 7th. 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. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a GBX 1,850 price target on shares of Hiscox in a report on Wednesday.

Hiscox Stock Up 0.1%

Shares of HSX stock opened at GBX 1,862 on Friday. Hiscox has a 12 month low of GBX 1,217 and a 12 month high of GBX 1,890. The firm has a market cap of £5.97 billion, a PE ratio of 10.64, a price-to-earnings-growth ratio of -2.30 and a beta of 0.40. The stock has a 50 day moving average of GBX 1,712.40 and a 200-day moving average of GBX 1,555.65.

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.