Hiscox Ltd (LON:HSX) Given Average Rating of “Hold” by Brokerages

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Hiscox Ltd (LON:HSX) has received an average recommendation of “Hold” from the twelve analysts that are covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell rating and nine have issued a hold rating on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is GBX 1,576.10 ($20.59).

A number of brokerages have commented on HSX. Berenberg Bank restated a “hold” rating and set a GBX 1,581 ($20.66) price target on shares of in a research note on Tuesday, June 11th. HSBC set a €59.00 ($68.60) price target on shares of Indus and gave the stock a “buy” rating in a research note on Wednesday, May 15th. Jefferies Financial Group set a €50.00 ($58.14) price target on shares of Lanxess and gave the stock a “neutral” rating in a research note on Tuesday, May 14th. UBS Group upgraded shares of to a “neutral” rating and raised their price target for the stock from GBX 945 ($12.35) to GBX 2,060 ($26.92) in a research note on Thursday, June 20th. Finally, Shore Capital restated a “not rated” rating on shares of SolGold in a research note on Wednesday, May 8th.

HSX traded down GBX 37 ($0.48) during midday trading on Friday, reaching GBX 1,707 ($22.30). 1,975,991 shares of the company’s stock were exchanged, compared to its average volume of 721,158. The company has a market cap of $4.92 billion and a price-to-earnings ratio of 38.53. The company has a quick ratio of 0.48, a current ratio of 0.74 and a debt-to-equity ratio of 30.21. Hiscox has a one year low of GBX 1,411 ($18.44) and a one year high of GBX 1,795 ($23.45). The company’s 50-day moving average is GBX 1,695.92.

Hiscox Company Profile

Hiscox Ltd, together with its subsidiaries, provides insurance and reinsurance services. The company operates through four segments: Hiscox Retail, Hiscox London Market, Hiscox Re & ILS, and Corporate Centre. It provides commercial insurance for small-and medium-sized businesses, including household, fine art and collectibles, and luxury motor via brokers, through a growing network of partnerships, and directly to consumers.

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Analyst Recommendations for Hiscox (LON:HSX)

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