Hiscox (LON:HSX) Earns Outperform Rating from Royal Bank Of Canada

Hiscox (LON:HSX)‘s stock had its “outperform” rating reissued by investment analysts at Royal Bank Of Canada in a note issued to investors on Thursday,London Stock Exchange reports. They currently have a GBX 2,000 price objective on the stock. Royal Bank Of Canada’s target price would indicate a potential upside of 10.50% from the company’s previous close.

Several other research analysts also recently weighed in on HSX. Peel Hunt reaffirmed an “add” rating and set a GBX 1,960 target price on shares of Hiscox in a research note on Wednesday. JPMorgan Chase & Co. boosted their target price on Hiscox from GBX 1,800 to GBX 2,050 and gave the stock an “overweight” rating in a report on Friday, July 10th. Berenberg Bank boosted their price target on shares of Hiscox from GBX 1,760 to GBX 1,900 and gave the company a “buy” rating in a research report on Friday, May 8th. Jefferies Financial Group reiterated an “underperform” rating and issued a GBX 1,148 price objective on shares of Hiscox in a research report on Thursday, May 7th. Finally, Citigroup lifted their price target on shares of Hiscox from GBX 1,611 to GBX 1,846 and gave the company a “neutral” rating in a research report on Thursday. Five research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of GBX 1,802.43.

Hiscox Trading Up 1.1%

Shares of LON:HSX opened at GBX 1,810 on Thursday. The business has a 50 day moving average of GBX 1,809.90 and a two-hundred day moving average of GBX 1,644.75. Hiscox has a 12-month low of GBX 1,257.18 and a 12-month high of GBX 1,966.44. The company has a market capitalization of £5.81 billion, a PE ratio of 10.34, a PEG ratio of -2.30 and a beta of 0.40.

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.