Hiscox Ltd (LON:HSX) Receives GBX 1,838.14 Consensus PT from Brokerages

Hiscox Ltd (LON:HSX) has been given an average rating of “Moderate Buy” by the seven analysts that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is GBX 1,838.14.

A number of research analysts recently issued reports on HSX shares. Royal Bank Of Canada restated an “outperform” rating and set a GBX 2,000 price objective on shares of Hiscox in a research report on Thursday, August 6th. Citigroup increased their target price on Hiscox from GBX 1,611 to GBX 1,846 and gave the stock a “neutral” rating in a research report on Thursday, August 6th. Berenberg Bank reiterated a “buy” rating and issued a GBX 2,150 target price on shares of Hiscox in a research note on Monday, August 24th. Peel Hunt reissued an “add” rating and set a GBX 1,960 price target on shares of Hiscox in a report on Wednesday, August 5th. Finally, JPMorgan Chase & Co. upped their price target on shares of Hiscox from GBX 1,800 to GBX 2,050 and gave the stock an “overweight” rating in a research report on Friday, July 10th.

Hiscox Trading Up 1.1%

LON:HSX opened at GBX 1,866 on Thursday. The stock has a 50 day moving average of GBX 1,833.12 and a 200-day moving average of GBX 1,705.34. The firm has a market capitalization of £5.93 billion, a PE ratio of 9.85, a price-to-earnings-growth ratio of -2.30 and a beta of 0.40. Hiscox has a 52 week low of GBX 1,281 and a 52 week high of GBX 1,966.44.

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.