Hiscox (LON:HSX) Stock Price Expected to Rise, Royal Bank Of Canada Analyst Says

Hiscox (LON:HSX) had its price target raised by Royal Bank Of Canada from GBX 1,125 ($15.10) to GBX 1,300 ($17.45) in a research report issued on Friday, MarketBeat Ratings reports. The brokerage presently has a “sector perform” rating on the stock. Royal Bank Of Canada’s target price points to a potential upside of 1.09% from the stock’s current price.

A number of other analysts also recently issued reports on the stock. Peel Hunt restated a “buy” rating and issued a GBX 1,460 ($19.60) target price on shares of Hiscox in a research report on Thursday, July 3rd. Berenberg Bank began coverage on shares of Hiscox in a research report on Thursday, May 29th. They issued a “buy” rating and a GBX 1,450 ($19.46) target price for the company.

Hiscox Stock Performance

Shares of HSX stock opened at GBX 1,286 ($17.26) on Friday. The firm’s 50 day moving average price is GBX 1,255.80 and its two-hundred day moving average price is GBX 1,164.21. The stock has a market cap of £5.54 billion, a PE ratio of 7.89, a PEG ratio of -2.30 and a beta of 0.65. Hiscox has a 52-week low of GBX 1,008 ($13.53) and a 52-week high of GBX 1,360 ($18.26).

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, and luxury motor, as well as artwork, antiques, classic cars, jewelry, collectables, and other assets through brokers, partners, and direct-to-consumers.