Hiscox (LON:HSX) Now Covered by Analysts at Berenberg Bank

Investment analysts at Berenberg Bank started coverage on shares of Hiscox (LON:HSX - Get Free Report) in a report released on Thursday, Marketbeat reports. The firm set a "buy" rating and a GBX 1,450 ($19.64) price target on the stock. Berenberg Bank's target price suggests a potential upside of 13.55% from the stock's previous close.

Hiscox Price Performance

Shares of HSX traded up GBX 6 ($0.08) during trading hours on Thursday, reaching GBX 1,277 ($17.30). 1,087,945 shares of the company's stock traded hands, compared to its average volume of 2,365,744. Hiscox has a twelve month low of GBX 1,008 ($13.65) and a twelve month high of GBX 1,303 ($17.65). The business's fifty day simple moving average is GBX 1,163.83 and its two-hundred day simple moving average is GBX 1,118.19. The firm has a market capitalization of £5.50 billion, a price-to-earnings ratio of 7.84, a P/E/G ratio of -2.30 and a beta of 0.65.

About Hiscox

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.