Hiscox (LON:HSX) Earns Buy Rating from Analysts at Berenberg Bank

Berenberg Bank began coverage on shares of Hiscox (LON:HSX) in a report released on Thursday, Marketbeat.com reports. The firm issued a buy rating and a GBX 1,450 ($19.51) target price on the stock.

Hiscox Trading Up 0.6%

Shares of LON HSX opened at GBX 1,260.95 ($16.97) on Thursday. Hiscox has a twelve month low of GBX 1,008 ($13.56) and a twelve month high of GBX 1,303 ($17.53). The stock has a fifty day simple moving average of GBX 1,162.15 and a 200-day simple moving average of GBX 1,116.55. The stock has a market capitalization of £5.43 billion, a PE ratio of 7.74, a PEG ratio of -2.30 and a beta of 0.65.

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.