Hiscox (LON:HSX) Given Underperform Rating at Jefferies Financial Group

Jefferies Financial Group reiterated their underperform rating on shares of Hiscox (LON:HSX) in a research note issued to investors on Thursday morning,Digital Look reports. They currently have a GBX 1,148 target price on the stock.

HSX has been the subject of several other research reports. The Goldman Sachs Group boosted their price target on shares of Hiscox from GBX 1,560 to GBX 1,713 and gave the stock a “buy” rating in a report on Wednesday, January 21st. JPMorgan Chase & Co. increased their price objective on shares of Hiscox from GBX 1,600 to GBX 1,800 and gave the company an “overweight” rating in a report on Tuesday. Four equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of GBX 1,570.17.

Hiscox Price Performance

LON:HSX opened at GBX 1,627 on Thursday. The firm has a market cap of £5.23 billion, a price-to-earnings ratio of 9.30, a price-to-earnings-growth ratio of -2.30 and a beta of 0.37. The company has a 50 day moving average price of GBX 1,540.12 and a 200-day moving average price of GBX 1,452.60. Hiscox has a 1-year low of GBX 1,130 and a 1-year high of GBX 1,646.

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.