JP Morgan Cazenove Increases Hiscox Ltd Price Target to GBX 560 (HSX)

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Stock analysts at JP Morgan Cazenove increased their target price on shares of Hiscox Ltd (LON: HSX) from GBX 553 ($8.37) to GBX 560 ($8.47) in a report issued on Thursday, ARN reports. The firm currently has a “neutral” rating on the stock. JP Morgan Cazenove’s price objective would suggest a potential downside of 0.09% from the company’s current price.

Other equities research analysts have also recently issued reports about the stock. Analysts at Morgan Stanley cut their price target on shares of Hiscox Ltd from GBX 546 ($8.26) to GBX 539 ($8.16) in a research note to investors on Monday, May 20th. They now have an “equal weight” rating on the stock. Separately, analysts at Westhouse Securities reiterated a “neutral” rating on shares of Hiscox Ltd in a research note to investors on Thursday, May 16th. They now have a GBX 540 ($8.17) price target on the stock, up previously from GBX 530 ($8.02). Finally, analysts at Canaccord Genuity reiterated a “hold” rating on shares of Hiscox Ltd in a research note to investors on Wednesday, May 8th. They now have a GBX 600 ($9.08) price target on the stock, up previously from GBX 480 ($7.26).

Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of GBX 531.56 ($8.04).

Hiscox Ltd (LON: HSX) opened at 563.00 on Thursday. Hiscox Ltd has a 52-week low of GBX 430.00 and a 52-week high of GBX 643.82. The stock’s 50-day moving average is currently GBX 481.8. The company’s market cap is £1.975 billion.

Hiscox Ltd is a holding company. The Company is a specialist insurer that provides insurance and reinsurance services to its clients in Bermuda, the United Sates, the United Kingdom, Guernsey and Europe.

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