Hiscox (LON:HSX) Price Target Raised to GBX 1,900

Hiscox (LON:HSX) had its price target boosted by equities research analysts at Berenberg Bank from GBX 1,760 to GBX 1,900 in a report released on Friday,London Stock Exchange reports. The firm currently has a “buy” rating on the stock. Berenberg Bank’s target price would suggest a potential upside of 17.14% from the company’s previous close.

Several other analysts have also issued reports on the company. Jefferies Financial Group restated an “underperform” rating and issued a GBX 1,148 target price on shares of Hiscox in a research note on Thursday. The Goldman Sachs Group lifted their price target on Hiscox from GBX 1,560 to GBX 1,713 and gave the company a “buy” rating in a research report on Wednesday, January 21st. Finally, JPMorgan Chase & Co. lifted their price target on Hiscox from GBX 1,600 to GBX 1,800 and gave the company an “overweight” rating in a research report on Tuesday. Four 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. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of GBX 1,570.17.

Hiscox Price Performance

Shares of HSX opened at GBX 1,622 on Friday. The firm has a market cap of £5.21 billion, a PE ratio of 9.27, a PEG ratio of -2.30 and a beta of 0.37. The stock’s fifty day moving average price is GBX 1,540.12 and its two-hundred day moving average price is GBX 1,452.60. Hiscox has a 1 year low of GBX 1,130 and a 1 year high of GBX 1,646.

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.