Hiscox Ltd (LON:HSX) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Hiscox Ltd (LON:HSX) has been assigned an average rating of “Moderate Buy” from the six research firms that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating and five have assigned a buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is GBX 1,728.50.

A number of equities research analysts have recently commented on HSX shares. Royal Bank Of Canada reaffirmed an “outperform” rating and set a GBX 1,850 price objective on shares of Hiscox in a research note on Monday, May 18th. JPMorgan Chase & Co. lifted their price target on shares of Hiscox from GBX 1,600 to GBX 1,800 and gave the company an “overweight” rating in a research note on Tuesday, May 5th. Jefferies Financial Group reissued an “underperform” rating and issued a GBX 1,148 price target on shares of Hiscox in a research note on Thursday, May 7th. Peel Hunt reissued an “add” rating and issued a GBX 1,960 price target on shares of Hiscox in a research note on Thursday, May 28th. Finally, Berenberg Bank lifted their price target on shares of Hiscox from GBX 1,760 to GBX 1,900 and gave the company a “buy” rating in a research note on Friday, May 8th.

Hiscox Price Performance

Shares of LON HSX opened at GBX 1,780 on Friday. The stock has a market capitalization of £5.71 billion, a price-to-earnings ratio of 10.17, a PEG ratio of -2.30 and a beta of 0.40. Hiscox has a 12 month low of GBX 1,217 and a 12 month high of GBX 1,890. The firm’s 50 day simple moving average is GBX 1,688.08 and its 200-day simple moving average is GBX 1,537.85.

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.