Berenberg Bank Reaffirms 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.

Berenberg Bank reaffirmed their buy rating on shares of Hiscox (LON:HSX - Free Report) in a research report sent to investors on Friday morning, MarketBeat reports. Berenberg Bank currently has a GBX 1,450 ($19.23) price target on the stock.

Several other equities research analysts also recently weighed in on HSX. Peel Hunt reaffirmed a "buy" rating and issued a GBX 1,460 ($19.36) price target on shares of Hiscox in a research note on Thursday, July 3rd. Royal Bank Of Canada increased their price target on Hiscox from GBX 1,125 ($14.92) to GBX 1,300 ($17.24) and gave the company a "sector perform" rating in a research report on Friday, July 18th.

Hiscox Stock Performance

Shares of LON:HSX traded up GBX 11 ($0.15) during midday trading on Friday, hitting GBX 1,292 ($17.13). 782,906 shares of the stock were exchanged, compared to its average volume of 1,989,969. Hiscox has a 12 month low of GBX 1,008 ($13.37) and a 12 month high of GBX 1,360 ($18.03). The stock has a market capitalization of £5.57 billion, a price-to-earnings ratio of 7.93, a P/E/G ratio of -2.30 and a beta of 0.65. The business's 50-day moving average price is GBX 1,275.10 and its 200 day moving average price is GBX 1,175.23.

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.