Citigroup Boosts Hiscox (LON:HSX) Price Target to GBX 1,846

Hiscox (LON:HSX) had its price target increased by stock analysts at Citigroup from GBX 1,611 to GBX 1,846 in a report issued on Thursday,London Stock Exchange reports. The firm currently has a “neutral” rating on the stock. Citigroup’s price target points to a potential upside of 1.99% from the company’s previous close.

A number of other research analysts also recently issued reports on the stock. Royal Bank Of Canada reiterated an “outperform” rating and set a GBX 1,850 target price on shares of Hiscox in a research report on Wednesday, June 24th. Peel Hunt reiterated an “add” rating and set a GBX 1,960 price objective on shares of Hiscox in a report on Wednesday. Berenberg Bank raised their target price on Hiscox from GBX 1,760 to GBX 1,900 and gave the company a “buy” rating in a research note on Friday, May 8th. Jefferies Financial Group reaffirmed an “underperform” rating and issued a GBX 1,148 target price on shares of Hiscox in a research report on Thursday, May 7th. Finally, JPMorgan Chase & Co. upped their price target on Hiscox from GBX 1,800 to GBX 2,050 and gave the stock an “overweight” rating in a research note on Friday, July 10th. Five analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Hiscox has a consensus rating of “Moderate Buy” and a consensus target price of GBX 1,802.43.

Hiscox Stock Performance

Shares of HSX stock opened at GBX 1,810 on Thursday. Hiscox has a fifty-two week low of GBX 1,257.18 and a fifty-two week high of GBX 1,966.44. The stock has a 50 day simple moving average of GBX 1,809.90 and a two-hundred day simple moving average of GBX 1,644.75. The company has a market cap of £5.81 billion, a P/E ratio of 10.34, a PEG ratio of -2.30 and a beta of 0.40.

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.