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

Hiscox Ltd (LON:HSX) has been given a consensus rating of “Moderate Buy” by the six analysts that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is GBX 1,466.83.

A number of research analysts recently commented on the company. The Goldman Sachs Group increased their price target on Hiscox from GBX 1,560 to GBX 1,713 and gave the company a “buy” rating in a report on Wednesday, January 21st. Jefferies Financial Group lifted their price objective on Hiscox from GBX 1,068 to GBX 1,148 and gave the stock an “underperform” rating in a report on Thursday, March 5th.

Hiscox Price Performance

Shares of Hiscox stock opened at GBX 1,558 on Monday. The business has a 50-day moving average of GBX 1,497.83 and a 200-day moving average of GBX 1,419.69. The company has a market capitalization of £5.04 billion, a PE ratio of 8.90, a P/E/G ratio of -2.30 and a beta of 0.37. Hiscox has a 1-year low of GBX 1,037 and a 1-year high of GBX 1,566.

About Hiscox

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.