Analysts Set Hiscox Ltd (LON:HSX) Price Target at GBX 1,453.50

Hiscox Ltd (LON:HSX) has been assigned a consensus rating of “Moderate Buy” from the six analysts that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is GBX 1,453.50.

Several equities research analysts have recently weighed in on HSX shares. The Goldman Sachs Group increased their target price on shares of Hiscox from GBX 1,560 to GBX 1,713 and gave the company a “buy” rating in a research note on Wednesday, January 21st. Jefferies Financial Group raised shares of Hiscox to a “buy” rating and dropped their price target for the stock from GBX 1,500 to GBX 1,068 in a research note on Wednesday, November 12th. Berenberg Bank reissued a “buy” rating and issued a GBX 1,580 price objective on shares of Hiscox in a research report on Thursday, November 6th. Finally, JPMorgan Chase & Co. boosted their target price on Hiscox from GBX 1,400 to GBX 1,500 and gave the company an “overweight” rating in a research report on Thursday, November 6th.

Hiscox Stock Performance

LON:HSX opened at GBX 1,452 on Friday. The firm has a market capitalization of £4.71 billion, a PE ratio of 8.52, a PEG ratio of -2.30 and a beta of 0.65. The stock’s fifty day moving average is GBX 1,444.40 and its 200 day moving average is GBX 1,376.22. Hiscox has a fifty-two week low of GBX 1,031 and a fifty-two week high of GBX 1,555.

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.