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

Hiscox (LON:HSX)‘s stock had its “sector perform” rating reaffirmed by stock analysts at Royal Bank of Canada in a report issued on Friday, MarketBeat reports. They currently have a GBX 1,275 ($16.02) price target on the stock. Royal Bank of Canada’s price objective would suggest a potential upside of 14.45% from the stock’s current price.

Other equities analysts also recently issued reports about the company. Berenberg Bank lifted their target price on Hiscox from GBX 1,230 ($15.45) to GBX 1,270 ($15.95) and gave the company a “hold” rating in a research note on Tuesday, March 5th. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Hiscox in a report on Tuesday, April 9th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, Hiscox presently has a consensus rating of “Hold” and a consensus price target of GBX 1,215 ($15.26).

Hiscox Trading Down 5.2 %

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

Insider Buying and Selling at Hiscox

In related news, insider Paul Cooper acquired 1,144 shares of Hiscox stock in a transaction that occurred on Friday, March 22nd. The stock was acquired at an average price 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 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.