Hiscox (LON:HSX) Earns “Buy” Rating from Peel Hunt

Hiscox (LON:HSX)‘s stock had its “buy” rating restated by stock analysts at Peel Hunt in a report released on Thursday, Marketbeat.com reports. They currently have a GBX 1,460 ($19.93) price target on the stock. Peel Hunt’s target price points to a potential upside of 16.24% from the stock’s previous close.

Separately, Berenberg Bank initiated coverage on shares of Hiscox in a report on Thursday, May 29th. They issued a “buy” rating and a GBX 1,450 ($19.79) target price on the stock.

Hiscox Stock Up 1.9%

HSX stock opened at GBX 1,256 ($17.14) on Thursday. The firm has a market cap of £5.41 billion, a price-to-earnings ratio of 7.71, a PEG ratio of -2.30 and a beta of 0.65. Hiscox has a 12-month low of GBX 1,008 ($13.76) and a 12-month high of GBX 1,360 ($18.56). The company’s fifty day simple moving average is GBX 1,230.01 and its 200 day simple moving average is GBX 1,152.11.

About Hiscox

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.