Berenberg Bank Reiterates "Buy" Rating for Hiscox (LON:HSX)

Key Points

• Berenberg Bank has reaffirmed a "buy" rating for Hiscox (LON:HSX) with a price target of GBX 1,450 ($19.48), indicating a potential upside of 10.43% from the previous close.
• Other analysts have also recently rated Hiscox, with Royal Bank of Canada raising their target price to GBX 1,300 ($17.47) and Peel Hunt setting a target of GBX 1,460 ($19.62).
• Hiscox stock is currently trading at GBX 1,313 ($17.64), having a market capitalization of £5.66 billion and a P/E ratio of 8.06.

Hiscox (LON:HSX - Get Free Report)'s stock had its "buy" rating reissued by analysts at Berenberg Bank in a report released on Friday,London Stock Exchange reports. They currently have a GBX 1,450 ($19.48) price objective on the stock. Berenberg Bank's price objective suggests a potential upside of 10.43% from the company's previous close.

HSX has been the topic of several other reports. Royal Bank Of Canada raised their target price on shares of Hiscox from GBX 1,125 ($15.12) to GBX 1,300 ($17.47) and gave the stock a "sector perform" rating in a research report on Friday, July 18th. Peel Hunt reaffirmed a "buy" rating and issued a GBX 1,460 ($19.62) target price on shares of Hiscox in a research report on Thursday, July 3rd.

Hiscox Stock Performance

HSX stock opened at GBX 1,313 ($17.64) on Friday. Hiscox has a one year low of GBX 1,008 ($13.54) and a one year high of GBX 1,360 ($18.27). The stock has a market capitalization of £5.66 billion, a P/E ratio of 8.06, a PEG ratio of -2.30 and a beta of 0.65. The company has a 50 day moving average price of GBX 1,269.12 and a two-hundred day moving average price of GBX 1,171.84.

Hiscox Company Profile

Hiscox Ltd, through its subsidiaries, provides insurance and reinsurance services in the United Kingdom, Europe, the United States, and internationally. The company operates through four segments: Hiscox Retail, Hiscox London Market, Hiscox Re & ILS, and Corporate Centre. It offers commercial insurance for small-and medium-sized businesses; and personal lines cover, including high-value household, fine art, and luxury motor, as well as artwork, antiques, classic cars, jewelry, collectables, and other assets through brokers, partners, and direct-to-consumers.

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