Hiscox’s (HSX) “Add” Rating Reiterated at Peel Hunt

Peel Hunt reaffirmed their add rating on shares of Hiscox (LON:HSX) in a research note published on Wednesday morning,Digital Look reports. Peel Hunt currently has a GBX 1,960 price target on the stock.

A number of other equities research analysts have also recently commented on the company. Berenberg Bank raised their price objective on Hiscox from GBX 1,760 to GBX 1,900 and gave the company a “buy” rating in a research note on Friday, May 8th. Jefferies Financial Group reissued an “underperform” rating and set a GBX 1,148 target price on shares of Hiscox in a research report on Thursday, May 7th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a GBX 1,850 price target on shares of Hiscox in a research report on Wednesday, June 24th. Finally, JPMorgan Chase & Co. lifted their price target on Hiscox from GBX 1,800 to GBX 2,050 and gave the company an “overweight” rating in a research note on Friday, July 10th. Five investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of GBX 1,838.14.

Hiscox Trading Up 1.0%

Shares of LON HSX opened at GBX 1,829 on Wednesday. The firm has a market capitalization of £5.85 billion, a P/E ratio of 10.45, a P/E/G ratio of -2.30 and a beta of 0.40. The firm’s 50-day moving average price is GBX 1,812.42 and its 200-day moving average price is GBX 1,648.99. Hiscox has a 1-year low of GBX 1,257.18 and a 1-year high of GBX 1,966.44.

About Hiscox

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.