Hiscox (LON:HSX) Given New GBX 1,390 Price Target at JPMorgan Chase & Co.

Hiscox (LON:HSX) had its price objective lowered by JPMorgan Chase & Co. from GBX 1,506 ($19.68) to GBX 1,390 ($18.16) in a research report report published on Monday morning, Digital Look reports. JPMorgan Chase & Co. currently has an underweight rating on the stock.

Several other equities analysts have also recently weighed in on the company. HSBC set a €59.00 ($68.60) price target on Indus and gave the company a buy rating in a report on Wednesday, May 15th. Berenberg Bank reissued a hold rating and set a GBX 1,581 ($20.66) price target on shares of in a report on Tuesday, June 11th. Morgan Stanley reissued an overweight rating and set a GBX 460 ($6.01) price target on shares of Sophos Group in a report on Friday, May 17th. Barclays increased their price target on from GBX 7,500 ($98.00) to GBX 8,100 ($105.84) and gave the company an overweight rating in a report on Monday. Finally, Jefferies Financial Group set a €50.00 ($58.14) price target on Lanxess and gave the company a neutral rating in a report on Tuesday, May 14th. Three analysts have rated the stock with a sell rating and nine have issued a hold rating to the company. Hiscox currently has a consensus rating of Hold and an average target price of GBX 1,527.36 ($19.96).

HSX traded up GBX 4 ($0.05) during trading on Monday, hitting GBX 1,744 ($22.79). 292,979 shares of the company’s stock traded hands, compared to its average volume of 721,158. The business’s 50 day moving average is GBX 1,692.52. The company has a debt-to-equity ratio of 30.21, a current ratio of 0.74 and a quick ratio of 0.48. Hiscox has a 12-month low of GBX 1,411 ($18.44) and a 12-month high of GBX 1,795 ($23.45). The firm has a market cap of $5.03 billion and a PE ratio of 39.37.

Hiscox Company Profile

Hiscox Ltd, together with its subsidiaries, provides insurance and reinsurance services. The company operates through four segments: Hiscox Retail, Hiscox London Market, Hiscox Re & ILS, and Corporate Centre. It provides commercial insurance for small-and medium-sized businesses, including household, fine art and collectibles, and luxury motor via brokers, through a growing network of partnerships, and directly to consumers.

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