Hiscox Ltd (LON:HSX) Stock Has Average Price Target of GBX 1,838.14 According to Brokerages

Shares of Hiscox Ltd (LON:HSX) have been assigned an average rating of “Moderate Buy” from the seven brokerages that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is GBX 1,838.14.

HSX has been the subject of a number of analyst reports. Citigroup upped their price target on Hiscox from GBX 1,611 to GBX 1,846 and gave the stock a “neutral” rating in a report on Thursday, August 6th. Peel Hunt restated an “add” rating and issued a GBX 1,960 price target on shares of Hiscox in a research note on Wednesday, August 5th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a GBX 2,000 price target on shares of Hiscox in a report on Thursday, August 6th. Berenberg Bank reissued a “buy” rating and set a GBX 2,150 price objective on shares of Hiscox in a report on Monday, August 24th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Hiscox from GBX 1,800 to GBX 2,050 and gave the stock an “overweight” rating in a research report on Friday, July 10th.

Hiscox Price Performance

LON:HSX opened at GBX 1,879 on Monday. The business’s 50-day moving average is GBX 1,841.94 and its two-hundred day moving average is GBX 1,747.80. The firm has a market capitalization of £5.97 billion, a PE ratio of 9.92, a price-to-earnings-growth ratio of -2.30 and a beta of 0.40. Hiscox has a 12 month low of GBX 1,288 and a 12 month high of GBX 1,966.44.

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.