Analysts Set Hiscox Ltd (LON:HSX) Price Target at GBX 1,453.50

Shares of Hiscox Ltd (LON:HSX) have been given an average rating of “Moderate Buy” by the six analysts that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is GBX 1,453.50.

A number of research analysts recently issued reports on HSX shares. JPMorgan Chase & Co. lifted their target price on shares of Hiscox from GBX 1,400 to GBX 1,500 and gave the company an “overweight” rating in a research note on Thursday, November 6th. The Goldman Sachs Group boosted their price objective on Hiscox from GBX 1,560 to GBX 1,713 and gave the company a “buy” rating in a research report on Wednesday. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 1,580 price objective on shares of Hiscox in a research note on Thursday, November 6th. Finally, Jefferies Financial Group raised Hiscox to a “buy” rating and decreased their target price for the company from GBX 1,500 to GBX 1,068 in a research note on Wednesday, November 12th.

Hiscox Stock Up 0.3%

Hiscox stock opened at GBX 1,508 on Wednesday. The business has a 50-day simple moving average of GBX 1,385.44 and a two-hundred day simple moving average of GBX 1,348.84. The company has a market cap of £4.89 billion, a P/E ratio of 8.84, a P/E/G ratio of -2.30 and a beta of 0.65. Hiscox has a 52-week low of GBX 1,030 and a 52-week high of GBX 1,537.

About Hiscox

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.