Hiscox Ltd (LON:HSX) Stock Rated "Moderate Buy" by Wall Street Brokerages

Key Points

• Hiscox has a “Moderate Buy” consensus rating from seven analysts: five buys, one hold and one sell. The average 12-month price target is GBX 1,838.14.
• Recent analyst targets range from GBX 1,846 at Citigroup to GBX 2,150 at Berenberg, with JPMorgan raising its target to GBX 2,050 and maintaining an overweight rating.
• Hiscox shares opened at GBX 1,846, valuing the company at approximately £5.84 billion; the stock has traded between GBX 1,288 and GBX 1,966.44 over the past year.

Hiscox Ltd (LON:HSX - Get Free Report) has earned an average rating of "Moderate Buy" from the seven brokerages that are covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is GBX 1,838.14.

Several equities analysts have issued reports on HSX shares. Citigroup lifted 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, August 6th. Royal Bank Of Canada restated an "outperform" rating and set a GBX 2,000 target price on shares of Hiscox in a report on Thursday, August 6th. Peel Hunt restated an "add" rating and set a GBX 1,960 target price on shares of Hiscox in a report on Wednesday, August 5th. Berenberg Bank restated a "buy" rating and issued a GBX 2,150 target price on shares of Hiscox in a research note on Monday, August 24th. Finally, JPMorgan Chase & Co. lifted their price target on Hiscox from GBX 1,800 to GBX 2,050 and gave the company an "overweight" rating in a report on Friday, July 10th.

Hiscox Price Performance

Shares of HSX opened at GBX 1,846 on Friday. The company has a market capitalization of £5.84 billion, a P/E ratio of 9.75, a PEG ratio of -2.30 and a beta of 0.40. Hiscox has a one year low of GBX 1,288 and a one year high of GBX 1,966.44. The business's 50 day simple moving average is GBX 1,856.67 and its 200-day simple moving average is GBX 1,784.68.

About Hiscox

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.

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