Berenberg Bank Issues Positive Forecast for Hiscox (LON:HSX) Stock Price

Hiscox (LON:HSX) had its price objective lifted by Berenberg Bank from GBX 1,760 to GBX 1,900 in a research report released on Friday morning, MarketBeat reports. They currently have a buy rating on the stock.

Several other analysts also recently weighed in on HSX. JPMorgan Chase & Co. upped their price objective on Hiscox from GBX 1,600 to GBX 1,800 and gave the stock an “overweight” rating in a research report on Tuesday. The Goldman Sachs Group increased their target price on shares of Hiscox from GBX 1,560 to GBX 1,713 and gave the stock a “buy” rating in a report on Wednesday, January 21st. Finally, Jefferies Financial Group restated an “underperform” rating and issued a GBX 1,148 price target on shares of Hiscox in a research note on Thursday. Four research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of GBX 1,570.17.

Hiscox Price Performance

LON HSX opened at GBX 1,624 on Friday. The business has a fifty day moving average price of GBX 1,540.12 and a two-hundred day moving average price of GBX 1,452.60. The stock has a market capitalization of £5.22 billion, a PE ratio of 9.28, a PEG ratio of -2.30 and a beta of 0.37. Hiscox has a fifty-two week low of GBX 1,130 and a fifty-two week high of GBX 1,646.

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.