Hiscox (LON:HSX) Receives Outperform Rating from Royal Bank Of Canada

Hiscox (LON:HSX)‘s stock had its “outperform” rating reaffirmed by equities research analysts at Royal Bank Of Canada in a research report issued on Monday,Digital Look reports. They currently have a GBX 1,850 price target on the stock. Royal Bank Of Canada’s price objective would suggest a potential downside of 0.38% from the stock’s current price.

Other research analysts have also recently issued research reports about the stock. Jefferies Financial Group restated an “underperform” rating and issued a GBX 1,148 target price on shares of Hiscox in a report on Thursday, May 7th. The Goldman Sachs Group lifted their price target on shares of Hiscox from GBX 1,560 to GBX 1,713 and gave the stock a “buy” rating in a research note on Wednesday, January 21st. Berenberg Bank boosted their price target on shares of Hiscox from GBX 1,760 to GBX 1,900 and gave the company a “buy” rating in a research report on Friday, May 8th. Finally, JPMorgan Chase & Co. raised their price objective on Hiscox from GBX 1,600 to GBX 1,800 and gave the stock an “overweight” rating in a report on Tuesday, May 5th. Five research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 1,645.17.

Hiscox Stock Up 1.1%

Shares of Hiscox stock opened at GBX 1,857 on Monday. The firm has a market capitalization of £5.97 billion, a P/E ratio of 10.61, a P/E/G ratio of -2.30 and a beta of 0.37. Hiscox has a 52 week low of GBX 1,172 and a 52 week high of GBX 1,890. The firm’s 50 day moving average is GBX 1,556.95 and its two-hundred day moving average is GBX 1,464.95.

Hiscox Company Profile

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.