Hiscox (LON:HSX) Price Target Increased to GBX 1,050 by Analysts at Morgan Stanley

Hiscox (LON:HSX) had its target price increased by Morgan Stanley from GBX 910 ($11.20) to GBX 1,050 ($12.92) in a research note released on Tuesday, Stock Target Advisor reports. Morgan Stanley currently has an overweight rating on the stock.

Other equities research analysts have also issued reports about the company. Credit Suisse Group initiated coverage on Hiscox in a research note on Friday, May 15th. They set an outperform rating and a GBX 950 ($11.69) price target for the company. UBS Group reaffirmed a neutral rating on shares of Hiscox in a research report on Wednesday, May 6th. Goldman Sachs Group reaffirmed a buy rating on shares of Hiscox in a research report on Monday, April 27th. JPMorgan Chase & Co. decreased their target price on Hiscox from GBX 1,225 ($15.08) to GBX 860 ($10.58) and set a neutral rating for the company in a research report on Wednesday, May 6th. Finally, Peel Hunt reaffirmed an add rating on shares of Hiscox in a research report on Monday, June 1st. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the stock. The company has a consensus rating of Hold and an average price target of GBX 1,111.54 ($13.68).

Shares of HSX stock opened at GBX 788.60 ($9.70) on Tuesday. Hiscox has a 52-week low of GBX 635.40 ($7.82) and a 52-week high of GBX 1,795 ($22.09). The company has a debt-to-equity ratio of 36.52, a quick ratio of 0.72 and a current ratio of 1.15. The firm has a market capitalization of $2.63 billion and a P/E ratio of 46.17. The stock has a 50 day moving average price of GBX 774.17 and a 200 day moving average price of GBX 1,061.46.

About Hiscox

Hiscox Ltd, together with its subsidiaries, provides insurance and reinsurance services. The company operates through four segments: Hiscox Retail, Hiscox London Market, Hiscox Re & ILS, and Corporate Centre. It provides commercial insurance for small-and medium-sized businesses, including household, fine art and collectibles, and luxury motor via brokers, through a growing network of partnerships, and directly to consumers.

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