Brokerages Set Hiscox Ltd (LON:HSX) Target Price at GBX 1,212.75

Shares of Hiscox Ltd (LON:HSX) have been given an average recommendation of “Hold” by the fourteen ratings firms that are presently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating on the company. The average 1-year price objective among analysts that have covered the stock in the last year is GBX 1,212.75 ($15.44).

A number of brokerages recently issued reports on HSX. UBS Group reissued a “neutral” rating on shares of Hiscox in a report on Wednesday, May 6th. Credit Suisse Group began coverage on shares of Hiscox in a research note on Friday, May 15th. They set an “outperform” rating and a GBX 950 ($12.09) target price for the company. Jefferies Financial Group raised shares of Hiscox to a “buy” rating and lowered their target price for the stock from GBX 1,325 ($16.86) to GBX 850 ($10.82) in a research note on Wednesday, May 6th. Royal Bank of Canada reaffirmed a “sector performer” rating on shares of Hiscox in a research note on Wednesday, May 6th. Finally, Morgan Stanley raised shares of Hiscox to an “overweight” rating and lowered their target price for the stock from GBX 1,545 ($19.66) to GBX 1,480 ($18.84) in a research note on Tuesday, March 3rd.

Shares of Hiscox stock traded down GBX 2.20 ($0.03) during trading hours on Friday, reaching GBX 771.40 ($9.82). 684,906 shares of the company’s stock were exchanged, compared to its average volume of 721,158. Hiscox has a 1 year low of GBX 635.40 ($8.09) and a 1 year high of GBX 1,795 ($22.85). The company has a market capitalization of $2.63 billion and a P/E ratio of 45.64. The business has a fifty day moving average of GBX 776.56 and a two-hundred day moving average of GBX 1,073.25. The company has a quick ratio of 0.72, a current ratio of 1.15 and a debt-to-equity ratio of 36.52.

About Hiscox

Hiscox Ltd, together with its subsidiaries, provides insurance and reinsurance services. The company operates through four segments: Hiscox Retail, Hiscox London Market, Hiscox Re & ILS, and Corporate Centre. It provides commercial insurance for small-and medium-sized businesses, including household, fine art and collectibles, and luxury motor via brokers, through a growing network of partnerships, and directly to consumers.

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Analyst Recommendations for Hiscox (LON:HSX)

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