Hiscox's (HSX) "Overweight" Rating Reaffirmed at JPMorgan Chase & Co.

Key Points

• Analysts at JPMorgan Chase & Co. have reaffirmed an "overweight" rating for Hiscox (HSX), indicating a positive outlook for the company's stock.
• Other brokerages, such as Berenberg Bank and Royal Bank of Canada, have also issued positive ratings and set varying price targets ranging from GBX 1,300 to GBX 1,460.
• Despite the positive ratings, Hiscox's stock recently experienced a drop of 1.7%, with current trading at GBX 1,270, which is below its 52-week high of GBX 1,360.

Hiscox (LON:HSX - Get Free Report)'s stock had its "overweight" rating reiterated by analysts at JPMorgan Chase & Co. in a research note issued to investors on Friday, MarketBeat Ratings reports.

A number of other brokerages also recently weighed in on HSX. Berenberg Bank reaffirmed a "buy" rating and set a GBX 1,450 ($19.15) price target on shares of Hiscox in a report on Friday, July 25th. Royal Bank Of Canada lifted their target price on shares of Hiscox from GBX 1,125 ($14.86) to GBX 1,300 ($17.17) and gave the stock a "sector perform" rating in a research note on Friday, July 18th. Finally, Peel Hunt reaffirmed a "buy" rating and issued a GBX 1,460 ($19.29) price objective on shares of Hiscox in a research note on Thursday, July 3rd.

Hiscox Stock Down 1.7%

Shares of HSX stock opened at GBX 1,270 ($16.78) on Friday. Hiscox has a 52 week low of GBX 1,008 ($13.32) and a 52 week high of GBX 1,360 ($17.97). The company has a market cap of £5.47 billion, a P/E ratio of 7.79, a PEG ratio of -2.30 and a beta of 0.65. The business has a 50 day moving average of GBX 1,275.24 and a two-hundred day moving average of GBX 1,177.05.

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.

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