Hiscox Ltd (LON:HSX) Stock Has Consensus 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 research firms that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is GBX 1,838.14.

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

Hiscox Stock Performance

HSX opened at GBX 1,823 on Friday. Hiscox has a 12 month low of GBX 1,288 and a 12 month high of GBX 1,966.44. The stock has a 50-day moving average of GBX 1,856.83 and a 200 day moving average of GBX 1,696.07. The firm has a market cap of £5.77 billion, a P/E ratio of 9.63, a P/E/G 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.