JPMorgan Chase & Co. Trims Hiscox (LON:HSX) Target Price to GBX 1,675

Hiscox (LON:HSX) had its price target lowered by JPMorgan Chase & Co. from GBX 1,715 ($22.41) to GBX 1,675 ($21.89) in a report published on Monday, ThisIsMoney.Co.Uk reports. The firm currently has an overweight rating on the stock.

Several other research firms have also recently commented on HSX. Peel Hunt cut Senior to a hold rating and lowered their target price for the company from GBX 260 ($3.40) to GBX 230 ($3.01) in a research note on Friday, July 12th. Berenberg Bank reissued a hold rating and issued a GBX 1,581 ($20.66) target price on shares of in a research note on Tuesday, June 11th. Jefferies Financial Group set a €50.00 ($58.14) target price on Lanxess and gave the company a neutral rating in a research note on Tuesday, May 14th. Morgan Stanley reissued an overweight rating and issued a GBX 460 ($6.01) target price on shares of Sophos Group in a research note on Friday, May 17th. Finally, Barclays reaffirmed an underweight rating and set a GBX 600 ($7.84) price objective on shares of in a research note on Monday, July 8th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the company. The stock has a consensus rating of Hold and a consensus target price of GBX 1,550.55 ($20.26).

Shares of Hiscox stock opened at GBX 1,725 ($22.54) on Monday. The company has a 50 day moving average of GBX 1,702.87. The stock has a market capitalization of $4.97 billion and a price-to-earnings ratio of 38.94. Hiscox has a 52 week low of GBX 1,411 ($18.44) and a 52 week high of GBX 1,795 ($23.45). The company has a debt-to-equity ratio of 30.21, a current ratio of 0.74 and a quick ratio of 0.48.

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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