Jefferies Financial Group Boosts Hiscox (LON:HSX) Price Target to GBX 1,148

Hiscox (LON:HSX) had its price objective raised by Jefferies Financial Group from GBX 1,068 to GBX 1,148 in a report released on Thursday, Marketbeat reports. The brokerage currently has an “underperform” rating on the stock. Jefferies Financial Group’s target price would suggest a potential downside of 20.97% from the company’s current price.

A number of other research analysts have also issued reports on HSX. The Goldman Sachs Group increased their target price on Hiscox from GBX 1,560 to GBX 1,713 and gave the company a “buy” rating in a research report on Wednesday, January 21st. Berenberg Bank restated a “buy” rating and set a GBX 1,580 price target on shares of Hiscox in a research report on Thursday, November 6th. Finally, JPMorgan Chase & Co. lifted their price objective on Hiscox from GBX 1,400 to GBX 1,500 and gave the stock an “overweight” rating in a report on Thursday, November 6th. Four research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Hiscox presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 1,466.83.

Hiscox Trading Down 1.2%

LON HSX opened at GBX 1,452.66 on Thursday. The stock has a market capitalization of £4.71 billion, a price-to-earnings ratio of 8.30, a PEG ratio of -2.30 and a beta of 0.37. The stock has a 50-day moving average of GBX 1,462.32 and a 200 day moving average of GBX 1,389.39. Hiscox has a twelve month low of GBX 1,037 and a twelve month high of GBX 1,560.50.

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.