Hiscox (LON:HSX) Price Target Raised to GBX 1,506 at Barclays

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Hiscox (LON:HSX) had its target price raised by Barclays from GBX 1,390 ($18.16) to GBX 1,506 ($19.68) in a report released on Monday morning, ThisIsMoney.Co.Uk reports. They currently have an underweight rating on the stock.

A number of other brokerages have also commented on HSX. Morgan Stanley reissued an overweight rating and set a GBX 460 ($6.01) price objective on shares of Sophos Group in a report on Friday, May 17th. Shore Capital reissued a not rated rating on shares of SolGold in a report on Wednesday, May 8th. HSBC set a €59.00 ($68.60) price objective on Indus and gave the stock a buy rating in a report on Wednesday, May 15th. Royal Bank of Canada began coverage on Avantor in a report on Tuesday, June 11th. They set an outperform rating and a $22.00 price objective for the company. Finally, Jefferies Financial Group set a €50.00 ($58.14) price objective on Lanxess and gave the stock a neutral rating in a report on Tuesday, May 14th. Three analysts have rated the stock with a sell rating and nine have issued a hold rating to the stock. The company presently has a consensus rating of Hold and a consensus price target of GBX 1,527.36 ($19.96).

HSX traded up GBX 4 ($0.05) during midday trading on Monday, reaching GBX 1,744 ($22.79). 292,979 shares of the company were exchanged, compared to its average volume of 721,158. The company has a debt-to-equity ratio of 30.21, a quick ratio of 0.48 and a current ratio of 0.74. The stock has a fifty day moving average of GBX 1,692.52. The company has a market cap of $5.03 billion and a P/E ratio of 39.37. Hiscox has a one year low of GBX 1,411 ($18.44) and a one year high of GBX 1,795 ($23.45).

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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