Hiscox Ltd (LON:HSX) Receives Average Recommendation of “Moderate Buy” from Brokerages

Hiscox Ltd (LON:HSX) has received an average recommendation of “Moderate Buy” from the seven brokerages that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is GBX 1,838.14.

HSX has been the topic of several research analyst reports. Berenberg Bank boosted their price target on shares of Hiscox from GBX 1,900 to GBX 2,150 and gave the company a “buy” rating in a research report on Friday. JPMorgan Chase & Co. raised their price objective on shares of Hiscox from GBX 1,800 to GBX 2,050 and gave the stock an “overweight” rating in a report on Friday, July 10th. Citigroup lifted their price objective on Hiscox from GBX 1,611 to GBX 1,846 and gave the company a “neutral” rating in a research report on Thursday. Royal Bank Of Canada reiterated an “outperform” rating and set a GBX 2,000 target price on shares of Hiscox in a report on Thursday. Finally, Jefferies Financial Group reissued an “underperform” rating and issued a GBX 1,148 target price on shares of Hiscox in a research report on Thursday, May 7th.

Hiscox Trading Up 1.0%

LON:HSX opened at GBX 1,829 on Friday. The company has a 50-day moving average price of GBX 1,812.42 and a 200-day moving average price of GBX 1,648.99. Hiscox has a 12 month low of GBX 1,257.18 and a 12 month high of GBX 1,966.44. The stock has a market cap of £5.85 billion, a price-to-earnings ratio of 10.45, a P/E/G ratio of -2.30 and a beta of 0.40.

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.