Brokerages Set Hiscox Ltd (LON:HSX) PT at GBX 1,453.50

Shares of Hiscox Ltd (LON:HSX) have received an average rating of “Moderate Buy” from the six ratings firms that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is GBX 1,453.50.

A number of equities analysts have recently weighed in on HSX shares. Jefferies Financial Group upgraded Hiscox to a “buy” rating and lowered their price target for the stock from GBX 1,500 to GBX 1,068 in a report on Wednesday, November 12th. The Goldman Sachs Group increased their target price on shares of Hiscox from GBX 1,560 to GBX 1,713 and gave the stock a “buy” rating in a research note on Wednesday, January 21st. JPMorgan Chase & Co. lifted their price target on shares of Hiscox from GBX 1,400 to GBX 1,500 and gave the company an “overweight” rating in a research report on Thursday, November 6th. Finally, Berenberg Bank restated a “buy” rating and issued a GBX 1,580 price objective on shares of Hiscox in a report on Thursday, November 6th.

Hiscox Stock Performance

HSX stock opened at GBX 1,515 on Wednesday. Hiscox has a one year low of GBX 1,030 and a one year high of GBX 1,537. The firm has a market cap of £4.92 billion, a PE ratio of 8.89, a PEG ratio of -2.30 and a beta of 0.65. The firm’s 50 day moving average price is GBX 1,392.42 and its 200-day moving average price is GBX 1,354.43.

Hiscox Company Profile

Hiscox Ltd, through its subsidiaries, provides insurance and reinsurance services in the United Kingdom, Europe, the United States, and internationally. The company operates through four segments: Hiscox Retail, Hiscox London Market, Hiscox Re & ILS, and Corporate Centre. It offers commercial insurance for small-and medium-sized businesses; and personal lines cover, including high-value household, fine art, and luxury motor, as well as artwork, antiques, classic cars, jewelry, collectables, and other assets through brokers, partners, and direct-to-consumers.