Stock Rating Runner: numis Says Its Time To Upgrade Hiscox Limited (LON:HSX)

November 24, 2016 - By whatsonthorold

Hiscox Limited (LON:HSX) Upgrade

Hiscox Limited (LON:HSX) was boosted by expert analysts at numis to Add rating in an analyst note published on Thursday morning. The firm from today has a GBX 1225.00 price target on the stock. numis’s price target gives a potential upside of 14.92%.

Hiscox Ltd (LON:HSX) Ratings Coverage

Out of 18 analysts covering Hiscox Ltd (LON:HSX), 7 rate it a “Buy”, 3 “Sell”, while 8 “Hold”. This means 39% are positive. GBX 1190 is the highest target while GBX 645 is the lowest. The GBX 972.41 average target is -8.97% below today’s (GBX 1068.28) stock price. Hiscox Ltd has been the topic of 95 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The firm earned “Outperform” rating on Monday, November 9 by RBC Capital Markets. Peel Hunt maintained the stock with “Reduce” rating in Wednesday, April 27 report. The stock has “Outperform” rating given by RBC Capital Markets on Monday, July 27. Barclays Capital maintained Hiscox Ltd (LON:HSX) on Monday, August 1 with “Underweight” rating. JP Morgan maintained the shares of HSX in a report on Monday, January 11 with “Overweight” rating. Peel Hunt maintained the shares of HSX in a report on Thursday, October 6 with “Reduce” rating. Bernstein maintained the stock with “Market Perform” rating in Friday, January 15 report. On Monday, November 9 the stock rating was maintained by Haitong Securities with “Buy”. The rating was maintained by Barclays Capital on Friday, September 4 with “Underweight”. On Monday, November 23 the stock rating was maintained by Bernstein with “Market Perform”.

The stock increased 0.40% or GBX 4.28 on November 24, hitting GBX 1068.28. About 602,665 shares traded hands or 69.29% up from the average. Hiscox Ltd (LON:HSX) has risen 16.73% since April 26, 2016 and is uptrending. It has outperformed by 11.32% the S&P500.

Hiscox Limited is a Bermuda-based insurer. The company has a market cap of 3.05 billion GBP. The Firm is a holding firm for subsidiaries involved in the business of insurance and reinsurance in Bermuda, the United States, the United Kingdom, Guernsey, Europe and Asia. It has a 11.1 P/E ratio. It operates through four divisions: Hiscox Retail, Hiscox London Market, Hiscox Re and Corporate Centre.

More recent Hiscox Ltd (LON:HSX) news were published by: which released: “Q&A: Bronek Masojada, Hiscox Ltd.” on March 13, 2016. Also Fool.Co.Uk published the news titled: “My Favourite FTSE 350 Stocks Right Now: Aviva plc, Hiscox Ltd And Novae Group Plc” on July 20, 2015. Fool.Co.Uk‘s news article titled: “5 Potential Takeover Targets: RSA Insurance Group plc, Amlin plc, Hiscox Ltd …” with publication date: August 13, 2015 was also an interesting one.

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