Hiscox Ltd (LON:HSX) Stock Has Average Price Target of GBX 1,838.14 According to Brokerages

Shares of Hiscox Ltd (LON:HSX) have been given a consensus recommendation of “Moderate Buy” by the seven brokerages that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is GBX 1,838.14.

Several brokerages have recently issued reports on HSX. Peel Hunt reaffirmed an “add” rating and issued a GBX 1,960 price target on shares of Hiscox in a research report on Wednesday, August 5th. Citigroup boosted their price objective on Hiscox from GBX 1,611 to GBX 1,846 and gave the stock a “neutral” rating in a research report on Thursday, August 6th. Royal Bank Of Canada restated an “outperform” rating and set a GBX 2,000 target price on shares of Hiscox in a research note on Thursday, August 6th. JPMorgan Chase & Co. raised their target price on Hiscox from GBX 1,800 to GBX 2,050 and gave the company an “overweight” rating in a report on Friday, July 10th. Finally, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 2,150 price target on shares of Hiscox in a research report on Monday, August 24th.

Hiscox Price Performance

Shares of HSX opened at GBX 1,867 on Monday. The company has a market capitalization of £5.93 billion, a PE ratio of 9.86, a price-to-earnings-growth ratio of -2.30 and a beta of 0.40. Hiscox has a one year low of GBX 1,288 and a one year high of GBX 1,966.44. The company’s fifty day moving average price is GBX 1,843.46 and its 200 day moving average price is GBX 1,752.71.

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.