Hiscox (LON:HSX) PT Raised to GBX 1,270 at Berenberg Bank

Hiscox (LON:HSX) had its price objective boosted by investment analysts at Berenberg Bank from GBX 1,230 ($15.61) to GBX 1,270 ($16.12) in a report released on Tuesday, LSE.Co.UK reports. The firm currently has a “hold” rating on the stock. Berenberg Bank’s target price indicates a potential upside of 6.45% from the stock’s previous close.

Several other analysts have also issued reports on the company. JPMorgan Chase & Co. reiterated an “overweight” rating and set a GBX 1,300 ($16.50) price objective on shares of Hiscox in a report on Thursday, November 9th. Jefferies Financial Group restated a “hold” rating and set a GBX 1,100 ($13.96) target price on shares of Hiscox in a report on Tuesday, November 21st. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Hiscox presently has an average rating of “Moderate Buy” and a consensus price target of GBX 1,228.67 ($15.59).

Hiscox Stock Up 1.0 %

Shares of LON:HSX traded up GBX 12 ($0.15) during midday trading on Tuesday, hitting GBX 1,193 ($15.14). 1,374,982 shares of the stock were exchanged, compared to its average volume of 588,841. The company has a debt-to-equity ratio of 24.33, a quick ratio of 0.10 and a current ratio of 10.92. Hiscox has a 52-week low of GBX 926.04 ($11.75) and a 52-week high of GBX 1,203 ($15.27). The business’s fifty day simple moving average is GBX 1,060.98 and its two-hundred day simple moving average is GBX 1,023.29. The company has a market capitalization of £4.15 billion, a PE ratio of 2,056.90, a P/E/G ratio of -2.30 and a beta of 0.69.

Insider Activity

In related news, insider Colin D. Keogh purchased 1,424 shares of the stock in a transaction on Monday, December 11th. The shares were purchased at an average cost of GBX 1,047 ($13.29) per share, with a total value of £14,909.28 ($18,922.81). 0.49% of the stock is owned by insiders.

Hiscox Company Profile

Hiscox Ltd, through its subsidiaries, provides insurance and reinsurance services in the United Kingdom, Europe, the United States, and internationally. The company operates through four segments: Hiscox Retail, Hiscox London Market, Hiscox Re & ILS, and Corporate Centre. It offers commercial insurance for small-and medium-sized businesses; and personal lines cover, including high-value household, fine art, luxury motor, classic car, and partners and direct-to-consumer using both traditional and digital trading models.