Jefferies Financial Group Issues Positive Forecast for Hiscox (LON:HSX) Stock Price

Hiscox (LON:HSX) had its price objective increased by Jefferies Financial Group from GBX 1,068 to GBX 1,148 in a research note issued to investors on Thursday, MarketBeat reports. The brokerage currently has an underperform rating on the stock.

A number of other brokerages have also recently commented on HSX. JPMorgan Chase & Co. lifted their target price on shares of Hiscox from GBX 1,400 to GBX 1,500 and gave the stock an “overweight” rating in a research report on Thursday, November 6th. The Goldman Sachs Group lifted their price objective on Hiscox from GBX 1,560 to GBX 1,713 and gave the stock a “buy” rating in a report on Wednesday, January 21st. Finally, Berenberg Bank restated a “buy” rating and set a GBX 1,580 target price on shares of Hiscox 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, the stock currently has an average rating of “Moderate Buy” and an average price target of GBX 1,466.83.

Hiscox Stock Performance

HSX stock opened at GBX 1,466.77 on Thursday. The company has a market capitalization of £4.76 billion, a PE ratio of 8.60, a price-to-earnings-growth ratio of -2.30 and a beta of 0.35. Hiscox has a one year low of GBX 1,037 and a one year high of GBX 1,560.50. The company’s 50 day moving average price is GBX 1,461.83 and its two-hundred day moving average price is GBX 1,388.45.

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.