Berenberg Bank Issues Positive Forecast for Hiscox (LON:HSX) Stock Price

Hiscox (LON:HSX) had its target price hoisted by Berenberg Bank from GBX 1,900 to GBX 2,150 in a research note issued to investors on Friday, Marketbeat.com reports. Berenberg Bank currently has a buy rating on the stock.

HSX has been the subject of several other reports. Jefferies Financial Group restated an “underperform” rating and set a GBX 1,148 price objective on shares of Hiscox in a research report on Thursday, May 7th. Citigroup upped their price objective on Hiscox from GBX 1,611 to GBX 1,846 and gave the company a “neutral” rating in a research report on Thursday. JPMorgan Chase & Co. lifted their price objective on Hiscox from GBX 1,800 to GBX 2,050 and gave the stock an “overweight” rating in a research report on Friday, July 10th. Royal Bank Of Canada reissued an “outperform” rating and issued a GBX 2,000 target price on shares of Hiscox in a research note on Thursday. Finally, Peel Hunt restated an “add” rating and issued a GBX 1,960 target price on shares of Hiscox in a report on Wednesday. Five investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 1,838.14.

Hiscox Price Performance

Shares of LON HSX opened at GBX 1,829 on Friday. Hiscox has a 12-month low of GBX 1,257.18 and a 12-month high of GBX 1,966.44. The company has a market capitalization of £5.85 billion, a PE ratio of 10.45, a price-to-earnings-growth ratio of -2.30 and a beta of 0.40. The firm’s 50-day moving average is GBX 1,812.42 and its two-hundred day moving average is GBX 1,648.99.

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.