Hiscox's (HSX) Buy Rating Reaffirmed at Peel Hunt

Hiscox (LON:HSX - Get Free Report)'s stock had its "buy" rating reaffirmed by research analysts at Peel Hunt in a research report issued on Thursday, Marketbeat Ratings reports. They presently have a GBX 1,460 ($19.94) target price on the stock. Peel Hunt's target price points to a potential upside of 16.71% from the company's previous close.

Separately, Berenberg Bank started coverage on shares of Hiscox in a report on Thursday, May 29th. They set a "buy" rating and a GBX 1,450 ($19.80) price target on the stock.

Hiscox Stock Performance

LON HSX traded down GBX 5 ($0.07) during mid-day trading on Thursday, reaching GBX 1,251 ($17.08). 658,927 shares of the stock were exchanged, compared to its average volume of 2,178,395. The business's 50 day moving average is GBX 1,230.01 and its 200-day moving average is GBX 1,152.76. Hiscox has a 1 year low of GBX 1,008 ($13.76) and a 1 year high of GBX 1,360 ($18.57). The company has a market capitalization of £5.39 billion, a P/E ratio of 7.68, a P/E/G ratio of -2.30 and a beta of 0.65.

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.