Hiscox Ltd (LON:HSX) Given Consensus Rating of “Moderate Buy” by Analysts

Hiscox Ltd (LON:HSX) has been assigned an average recommendation of “Moderate Buy” from the six analysts that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is GBX 1,453.50.

A number of equities research analysts have recently commented on the stock. JPMorgan Chase & Co. increased their price target on shares of Hiscox from GBX 1,400 to GBX 1,500 and gave the company an “overweight” rating in a report on Thursday, November 6th. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 1,580 target price on shares of Hiscox in a research report on Thursday, November 6th. The Goldman Sachs Group lifted their price target on shares of Hiscox from GBX 1,560 to GBX 1,713 and gave the stock a “buy” rating in a research note on Wednesday, January 21st. Finally, Jefferies Financial Group upgraded shares of Hiscox to a “buy” rating and dropped their price target for the stock from GBX 1,500 to GBX 1,068 in a research report on Wednesday, November 12th.

Hiscox Stock Performance

Shares of HSX stock opened at GBX 1,438.86 on Friday. Hiscox has a fifty-two week low of GBX 1,030 and a fifty-two week high of GBX 1,555. The business’s 50 day moving average price is GBX 1,433.89 and its 200-day moving average price is GBX 1,372.12. The firm has a market cap of £4.67 billion, a P/E ratio of 8.44, a P/E/G ratio of -2.30 and a beta of 0.65.

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.