Hiscox (LON:HSX) Rating Reiterated by Royal Bank of Canada

Hiscox (LON:HSX)‘s stock had its “sector perform” rating restated by research analysts at Royal Bank of Canada in a research report issued to clients and investors on Friday, MarketBeat reports. They currently have a GBX 1,275 ($16.02) price objective on the stock. Royal Bank of Canada’s price target indicates a potential upside of 14.45% from the stock’s previous close.

A number of other analysts have also commented on the stock. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Hiscox in a report on Tuesday, April 9th. Berenberg Bank lifted their price objective on Hiscox from GBX 1,230 ($15.45) to GBX 1,270 ($15.95) and gave the stock a “hold” rating in a research note on Tuesday, March 5th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of GBX 1,215 ($15.26).

Hiscox Stock Down 5.2 %

Shares of LON HSX opened at GBX 1,114 ($13.99) on Friday. The company has a current ratio of 15.15, a quick ratio of 0.10 and a debt-to-equity ratio of 22.88. The firm has a market capitalization of £3.84 billion, a PE ratio of 696.25, a price-to-earnings-growth ratio of -2.30 and a beta of 0.68. The firm’s 50-day moving average is GBX 1,192.88 and its 200-day moving average is GBX 1,084.68. Hiscox has a 1 year low of GBX 926.04 ($11.63) and a 1 year high of GBX 1,277.85 ($16.05).

Insider Buying and Selling

In other Hiscox news, insider Paul Cooper bought 1,144 shares of the firm’s stock in a transaction on Friday, March 22nd. The stock was purchased at an average cost of GBX 1,232 ($15.48) per share, with a total value of £14,094.08 ($17,703.91). 0.49% of the stock is currently owned by company insiders.

Hiscox Company Profile

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.