Hiscox’s (HSX) “Underperform” Rating Reiterated at Jefferies Financial Group

Jefferies Financial Group reiterated their underperform rating on shares of Hiscox (LON:HSX) in a research report sent to investors on Tuesday morning,Digital Look reports. Jefferies Financial Group currently has a GBX 1,148 price objective on the stock.

Several other equities research analysts also recently weighed in on HSX. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a GBX 2,000 target price on shares of Hiscox in a research report on Thursday, August 6th. Peel Hunt reiterated an “add” rating and set a GBX 1,960 target price on shares of Hiscox in a report on Wednesday, August 5th. Berenberg Bank reissued a “buy” rating and set a GBX 2,150 price target on shares of Hiscox in a research report on Monday, August 24th. JPMorgan Chase & Co. upped their price target on Hiscox from GBX 1,800 to GBX 2,050 and gave the stock an “overweight” rating in a report on Friday, July 10th. Finally, Citigroup increased their price target on Hiscox from GBX 1,611 to GBX 1,846 and gave the company a “neutral” rating in a report on Thursday, August 6th. Five investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Hiscox has a consensus rating of “Moderate Buy” and a consensus price target of GBX 1,852.43.

Hiscox Trading Down 0.5%

LON:HSX opened at GBX 1,980 on Tuesday. The firm has a market capitalization of £6.27 billion, a price-to-earnings ratio of 10.45, a PEG ratio of -2.30 and a beta of 0.40. The firm’s fifty day simple moving average is GBX 1,870.65 and its 200 day simple moving average is GBX 1,714.03. Hiscox has a twelve month low of GBX 1,288 and a twelve month high of GBX 2,006.

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.