Peel Hunt Reaffirms Add Rating for Hiscox (LON:HSX)

Hiscox (LON:HSX)‘s stock had its “add” rating reissued by Peel Hunt in a research report issued to clients and investors on Thursday,London Stock Exchange reports. They presently have a GBX 1,960 target price on the stock. Peel Hunt’s target price would suggest a potential upside of 10.48% from the stock’s current price.

HSX has been the subject of a number of other reports. Royal Bank Of Canada reaffirmed an “outperform” rating and set a GBX 1,850 target price on shares of Hiscox in a research report on Monday, May 18th. JPMorgan Chase & Co. lifted their target price on Hiscox from GBX 1,600 to GBX 1,800 and gave the company an “overweight” rating in a research report on Tuesday, May 5th. Berenberg Bank lifted their target price on Hiscox from GBX 1,760 to GBX 1,900 and gave the company a “buy” rating in a research report on Friday, May 8th. Finally, Jefferies Financial Group restated an “underperform” rating and issued a GBX 1,148 price target on shares of Hiscox in a report on Thursday, May 7th. Five analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of GBX 1,728.50.

Hiscox Stock Down 1.7%

Shares of LON HSX opened at GBX 1,774 on Thursday. The business has a fifty day simple moving average of GBX 1,613.45 and a two-hundred day simple moving average of GBX 1,490.68. The firm has a market cap of £5.70 billion, a PE ratio of 10.14, a price-to-earnings-growth ratio of -2.30 and a beta of 0.37. Hiscox has a twelve month low of GBX 1,217 and a twelve month high of GBX 1,890.

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.