Hiscox (LON:HSX) Given New GBX 1,713 Price Target at The Goldman Sachs Group

Hiscox (LON:HSX) had its price objective lifted by investment analysts at The Goldman Sachs Group from GBX 1,560 to GBX 1,713 in a research note issued to investors on Wednesday,Digital Look reports. The brokerage currently has a “buy” rating on the stock. The Goldman Sachs Group’s price target indicates a potential upside of 15.35% from the company’s current price.

A number of other research firms have also recently weighed in on HSX. Berenberg Bank reiterated a “buy” rating and set a GBX 1,580 price target on shares of Hiscox in a report on Thursday, November 6th. Jefferies Financial Group upgraded shares of Hiscox to a “buy” rating and dropped their price target for the company from GBX 1,500 to GBX 1,068 in a research report on Wednesday, November 12th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Hiscox from GBX 1,400 to GBX 1,500 and gave the company an “overweight” rating in a research note on Thursday, November 6th. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of GBX 1,453.50.

Hiscox Stock Down 0.3%

Shares of HSX traded down GBX 5 during midday trading on Wednesday, reaching GBX 1,485. The company had a trading volume of 100,553,281 shares, compared to its average volume of 10,756,525. Hiscox has a 1-year low of GBX 1,030 and a 1-year high of GBX 1,516. The firm has a 50 day simple moving average of GBX 1,377.26 and a 200-day simple moving average of GBX 1,344.94. The stock has a market cap of £4.82 billion, a PE ratio of 8.71, a price-to-earnings-growth ratio of -2.30 and a beta of 0.65.

About Hiscox

Hiscox Ltd, through its subsidiaries, provides insurance and reinsurance services in the United Kingdom, Europe, the United States, and internationally. The company operates through four segments: Hiscox Retail, Hiscox London Market, Hiscox Re & ILS, and Corporate Centre. It offers commercial insurance for small-and medium-sized businesses; and personal lines cover, including high-value household, fine art, and luxury motor, as well as artwork, antiques, classic cars, jewelry, collectables, and other assets through brokers, partners, and direct-to-consumers.