Hiscox (LON:HSX) Price Target Raised to GBX 2,250

Hiscox (LON:HSX) had its price objective boosted by Berenberg Bank from GBX 2,150 to GBX 2,250 in a report published on Wednesday,Digital Look reports. The brokerage currently has a buy rating on the stock.

A number of other equities research analysts have also commented on HSX. Royal Bank Of Canada reissued an “outperform” rating and issued a GBX 2,000 price target on shares of Hiscox in a research report on Thursday, August 6th. Citigroup lifted their target price on Hiscox from GBX 1,611 to GBX 1,846 and gave the company a “neutral” rating in a research note on Thursday, August 6th. Peel Hunt reaffirmed an “add” rating and issued a GBX 1,960 target price on shares of Hiscox in a research note on Wednesday, August 5th. Jefferies Financial Group reaffirmed an “underperform” rating and set a GBX 1,148 price objective on shares of Hiscox in a research note on Tuesday. Finally, JPMorgan Chase & Co. upped their price target on shares of Hiscox from GBX 1,800 to GBX 2,050 and gave the stock an “overweight” rating in a research report on Friday, July 10th. Five research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Hiscox presently has an average rating of “Moderate Buy” and an average price target of GBX 1,852.43.

Hiscox Stock Performance

Shares of HSX stock opened at GBX 1,913 on Wednesday. Hiscox has a 52 week low of GBX 1,288 and a 52 week high of GBX 2,008. The stock’s fifty day moving average is GBX 1,872.21 and its 200-day moving average is GBX 1,716.14. The stock has a market capitalization of £6.02 billion, a PE ratio of 10.10, a PEG 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.