Hiscox (LON:HSX) Price Target Raised to GBX 1,713

by · The Cerbat Gem

Hiscox (LON:HSX – Free Report) had its price target boosted by The Goldman Sachs Group from GBX 1,560 to GBX 1,713 in a report issued on Wednesday, MarketBeat reports. The Goldman Sachs Group currently has a buy rating on the stock.

Several other equities research analysts have also commented on the stock. Jefferies Financial Group raised shares of Hiscox to a “buy” rating and lowered their price target for the company from GBX 1,500 to GBX 1,068 in a report on Wednesday, November 12th. Berenberg Bank reissued a “buy” rating and issued a GBX 1,580 price objective on shares of Hiscox in a report on Thursday, November 6th. Finally, JPMorgan Chase & Co. raised their target price on Hiscox from GBX 1,400 to GBX 1,500 and gave the stock an “overweight” rating in a report on Thursday, November 6th. Five investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of GBX 1,453.50.

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Hiscox Price Performance

HSX stock opened at GBX 1,508 on Wednesday. The firm’s fifty day simple moving average is GBX 1,385.44 and its 200-day simple moving average is GBX 1,348.84. The company has a market capitalization of £4.89 billion, a P/E ratio of 8.84, a price-to-earnings-growth ratio of -2.30 and a beta of 0.65. Hiscox has a 12 month low of GBX 1,030 and a 12 month high of GBX 1,537.

Hiscox Company Profile

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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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