Hiscox (LON:HSX) Price Target Raised to GBX 2,150 at Berenberg Bank

Hiscox (LON:HSX) had its price target raised by stock analysts at Berenberg Bank from GBX 1,900 to GBX 2,150 in a research report issued on Friday,London Stock Exchange reports. The firm currently has a “buy” rating on the stock. Berenberg Bank’s price target would indicate a potential upside of 17.29% from the company’s previous close.

HSX has been the topic of a number of other reports. Peel Hunt reiterated an “add” rating and set a GBX 1,960 target price on shares of Hiscox in a report on Wednesday. Jefferies Financial Group restated an “underperform” rating and set a GBX 1,148 target price on shares of Hiscox in a research note on Thursday, May 7th. JPMorgan Chase & Co. upped their price objective on shares of Hiscox from GBX 1,800 to GBX 2,050 and gave the company an “overweight” rating in a research note on Friday, July 10th. Citigroup increased their price objective on Hiscox from GBX 1,611 to GBX 1,846 and gave the company a “neutral” rating in a report on Thursday. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a GBX 2,000 price target on shares of Hiscox in a report on Thursday. Five equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 1,838.14.

Hiscox Stock Up 1.2%

LON:HSX opened at GBX 1,833 on Friday. The stock’s fifty day moving average is GBX 1,810.82 and its two-hundred day moving average is GBX 1,647.73. Hiscox has a 52 week low of GBX 1,257.18 and a 52 week high of GBX 1,966.44. The stock has a market capitalization of £5.86 billion, a price-to-earnings ratio of 10.47, a price-to-earnings-growth ratio of -2.30 and a beta of 0.40.

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.