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

Analysts at Berenberg Bank began coverage on shares of Hiscox (LON:HSX - Get Free Report) in a research note issued to investors on Thursday, MarketBeat reports. The brokerage set a "buy" rating and a GBX 1,450 ($19.52) price target on the stock. Berenberg Bank's price objective points to a potential upside of 14.99% from the company's current price.

Hiscox Price Performance

HSX traded up GBX 7.95 ($0.11) on Thursday, hitting GBX 1,260.95 ($16.97). 1,556,620 shares of the stock were exchanged, compared to its average volume of 2,392,016. The firm has a market capitalization of £5.43 billion, a price-to-earnings ratio of 7.74, a PEG ratio of -2.30 and a beta of 0.65. Hiscox has a 12 month low of GBX 1,008 ($13.57) and a 12 month high of GBX 1,303 ($17.54). The business has a 50-day moving average of GBX 1,162.15 and a two-hundred day moving average of GBX 1,116.55.

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.