Hiscox Ltd (LON:HSX) Rating Reaffirmed
RBC Capital Markets now has a GBX 1125 target price on the 2.92B GBP market cap company or 8.91% upside potential. In a note sent to investors and clients on Thursday morning, Hiscox Ltd (LON:HSX) shares have had their Outperform Rating has reaffirmed by research analysts at RBC Capital Markets.
From a total of 16 analysts covering Hiscox Ltd (LON:HSX) stock, 5 rate it a ”Buy”, 3 a “Sell”, and 9 a ”Hold”. This means that 29% of the ratings are positive. The highest target price is GBX 1190 while the lowest target price is GBX 645. The mean of all analyst targets is GBX 886.2 with a -14.12% below today’s (GBX 1033) stock price. Hiscox Ltd was the topic of 35 analyst reports since July 24, 2015 according to the firm StockzIntelligence Inc. Bernstein maintained shares on December 7 with “Market Perform” rating. Numis Securities maintained shares with “Hold” rating and GBX 880 target share price in a report from a November 9. J.P. Morgan maintained HSX stock in a recent report from November 30 with “Overweight” rating. Canaccord Genuity maintained the rating on November 9. Canaccord Genuity has a “Hold” rating and a GBX 905 price target on shares. Finally, Westhouse Securities maintained the stock with “Sector Perform” rating in a report issued on a November 13.
Approximately 50,901 shares of stock traded hands. Hiscox Ltd (LON:HSX) has risen 27.88% since May 13, 2015 and is uptrending. It has outperformed by 29.81% the S&P500.
Hiscox Limited is a Bermuda-based specialist insurer company. The company has a market cap of 2.92 billion GBP. The Firm is a holding firm for subsidiaries involved in the business of insurance and reinsurance in Bermuda, the United States, the United Kingdom, Guernsey, Europe and Asia. It has 13.95 P/E ratio. It operates through four divisions: Hiscox Retail, Hiscox London Market, Hiscox Re and Corporate Centre.