Royal Bank Of Canada Reiterates “Outperform” Rating for Hiscox (LON:HSX)

Hiscox (LON:HSX)‘s stock had its “outperform” rating reissued by research analysts at Royal Bank Of Canada in a report released on Thursday,London Stock Exchange reports. They currently have a GBX 2,000 target price on the stock. Royal Bank Of Canada’s price target indicates a potential upside of 10.50% from the company’s previous close.

A number of other equities research analysts have also recently commented on HSX. Citigroup increased their price objective on shares of Hiscox from GBX 1,611 to GBX 1,846 and gave the company a “neutral” rating in a research note on Thursday. Peel Hunt restated an “add” rating and set a GBX 1,960 target price on shares of Hiscox in a research report on Wednesday. Berenberg Bank upped their price target on shares of Hiscox from GBX 1,760 to GBX 1,900 and gave the company a “buy” rating in a report on Friday, May 8th. Jefferies Financial Group reiterated an “underperform” rating and issued a GBX 1,148 price target on shares of Hiscox in a research report on Thursday, May 7th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Hiscox from GBX 1,800 to GBX 2,050 and gave the stock an “overweight” rating in a research note on Friday, July 10th. Five analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Hiscox currently has a consensus rating of “Moderate Buy” and an average target price of GBX 1,802.43.

Hiscox Stock Up 1.1%

Shares of HSX stock opened at GBX 1,810 on Thursday. The stock has a market cap of £5.81 billion, a P/E ratio of 10.34, a P/E/G ratio of -2.30 and a beta of 0.40. Hiscox has a fifty-two week low of GBX 1,257.18 and a fifty-two week high of GBX 1,966.44. The business has a fifty day simple moving average of GBX 1,809.90 and a 200-day simple moving average of GBX 1,644.75.

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.