Hiscox’s (HSX) “Buy” Rating Reaffirmed at Berenberg Bank

Hiscox (LON:HSX)‘s stock had its “buy” rating reaffirmed by stock analysts at Berenberg Bank in a report released on Monday,Digital Look reports. They currently have a GBX 2,150 price objective on the stock. Berenberg Bank’s price target suggests a potential upside of 18.72% from the company’s previous close.

Other research analysts have also issued reports about the company. JPMorgan Chase & Co. lifted their price objective on Hiscox from GBX 1,800 to GBX 2,050 and gave the stock an “overweight” rating in a research report on Friday, July 10th. Jefferies Financial Group restated 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 set a GBX 2,000 target price on shares of Hiscox in a research note on Thursday, August 6th. Citigroup lifted their target price on Hiscox from GBX 1,611 to GBX 1,846 and gave the stock a “neutral” rating in a report on Thursday, August 6th. Finally, Peel Hunt reissued an “add” rating and issued a GBX 1,960 price target on shares of Hiscox in a research note on Wednesday, August 5th. Five analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of GBX 1,838.14.

Hiscox Stock Up 0.9%

Shares of LON HSX opened at GBX 1,811 on Monday. The company has a market capitalization of £5.79 billion, a PE ratio of 10.35, a P/E/G ratio of -2.30 and a beta of 0.40. Hiscox has a twelve month low of GBX 1,257.18 and a twelve month high of GBX 1,966.44. The firm has a fifty day simple moving average of GBX 1,822.49 and a 200 day simple moving average of GBX 1,670.66.

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.