Hiscox (LON:HSX) Stock Rating Reaffirmed as “Underperform” by Jefferies Financial Group

Hiscox (LON:HSX)‘s stock had its “underperform” rating reissued by research analysts at Jefferies Financial Group in a report released on Tuesday, Digital Look reports. They presently have a GBX 1,148 price objective on the stock. Jefferies Financial Group‘s price target points to a potential downside of 41.00% from the stock’s current price.

HSX has been the topic of a number of other research reports. Citigroup boosted their price target on Hiscox from GBX 1,611 to GBX 1,846 and gave the stock a “neutral” rating in a research report on Thursday, August 6th. Berenberg Bank reiterated a “buy” rating and issued a GBX 2,150 price objective on shares of Hiscox in a research note on Monday, August 24th. JPMorgan Chase & Co. upped their target price on Hiscox from GBX 1,800 to GBX 2,050 and gave the company an “overweight” rating in a research report on Friday, July 10th. Royal Bank Of Canada reiterated an “outperform” rating and set a GBX 2,000 price target on shares of Hiscox in a research report on Thursday, August 6th. Finally, Peel Hunt reiterated an “add” rating and issued a GBX 1,960 target price on shares of Hiscox in a research report on Wednesday, August 5th. Five research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of GBX 1,838.14.

Hiscox Stock Up 3.3%

HSX stock opened at GBX 1,945.80 on Tuesday. Hiscox has a twelve month low of GBX 1,288 and a twelve month high of GBX 1,966.44. The business has a 50 day moving average price of GBX 1,862.31 and a two-hundred day moving average price of GBX 1,705.35. The company has a market cap of £6.16 billion, a price-to-earnings ratio of 10.27, a P/E/G ratio of -2.30 and a beta of 0.40.

Hiscox Company Profile

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.