Hiscox Ltd (LON:HSX) Receives GBX 1,466.83 Average Target Price from Analysts

Hiscox Ltd (LON:HSX) has been assigned an average recommendation of “Moderate Buy” from the six research firms that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is GBX 1,570.17.

A number of research analysts have recently issued reports on HSX shares. Berenberg Bank raised their price target on shares of Hiscox from GBX 1,760 to GBX 1,900 and gave the stock a “buy” rating in a research report on Friday. JPMorgan Chase & Co. raised their price target on shares of Hiscox from GBX 1,600 to GBX 1,800 and gave the stock an “overweight” rating in a research report on Tuesday. The Goldman Sachs Group lifted their price objective on shares of Hiscox from GBX 1,560 to GBX 1,713 and gave the company a “buy” rating in a research report on Wednesday, January 21st. Finally, Jefferies Financial Group reiterated an “underperform” rating and issued a GBX 1,148 price objective on shares of Hiscox in a research report on Thursday.

Hiscox Stock Performance

Hiscox stock opened at GBX 1,623 on Friday. The firm’s 50-day moving average is GBX 1,540.12 and its 200-day moving average is GBX 1,452.60. Hiscox has a 1 year low of GBX 1,130 and a 1 year high of GBX 1,646. The company has a market cap of £5.22 billion, a P/E ratio of 9.27, a PEG ratio of -2.30 and a beta of 0.37.

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.