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

Hiscox (LON:HSX)‘s stock had its “outperform” rating reissued by stock analysts at Royal Bank Of Canada in a research report issued to clients and investors on Wednesday,Digital Look reports. They presently have a GBX 1,850 target price on the stock. Royal Bank Of Canada’s price target indicates a potential upside of 3.47% from the company’s current price.

Several other analysts have also recently issued reports on the stock. Jefferies Financial Group reissued an “underperform” rating and set a GBX 1,148 price target on shares of Hiscox in a research report on Thursday, May 7th. JPMorgan Chase & Co. upped their target price on shares of Hiscox from GBX 1,600 to GBX 1,800 and gave the stock an “overweight” rating in a research note on Tuesday, May 5th. Peel Hunt reiterated an “add” rating and set a GBX 1,960 target price on shares of Hiscox in a report on Thursday, May 28th. Finally, Berenberg Bank raised 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. Five equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of GBX 1,728.50.

Hiscox Price Performance

Shares of Hiscox stock opened at GBX 1,788 on Wednesday. The business has a 50-day moving average of GBX 1,696.52 and a 200 day moving average of GBX 1,546.20. Hiscox has a 12 month low of GBX 1,217 and a 12 month high of GBX 1,890. The stock has a market capitalization of £5.73 billion, a price-to-earnings ratio of 10.22, a price-to-earnings-growth ratio of -2.30 and a beta of 0.40.

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.