Is Hiscox Limited (LON:HSX) a Buy or a Sell? What Does Morgan Stanley Think?

July 26, 2017 - By Peter Erickson

Why Has Morgan Stanley Given Hiscox Limited (LON:HSX) a GBX 1380.00 Price Target

Analysts at Morgan Stanley started coverage on shares of Hiscox Limited (LON:HSX) in analysts report made public on Tuesday morning. The company set Equal-weight rating on the 3.82 billion GBP market cap company.

Hiscox Ltd (LON:HSX) Ratings Coverage

Among 21 analysts covering Hiscox Ltd (LON:HSX), 7 have Buy rating, 4 Sell and 10 Hold. Therefore 33% are positive. Hiscox Ltd has GBX 1380 highest and GBX 645 lowest target. GBX 1075.70’s average target is -19.42% below currents GBX 1335 stock price. Hiscox Ltd had 130 analyst reports since July 24, 2015 according to SRatingsIntel. JP Morgan maintained the shares of HSX in report on Wednesday, July 20 with “Overweight” rating. Peel Hunt maintained Hiscox Ltd (LON:HSX) on Monday, July 4 with “Reduce” rating. Peel Hunt maintained the shares of HSX in report on Monday, July 25 with “Reduce” rating. Barclays Capital maintained the stock with “Underweight” rating in Friday, September 4 report. Peel Hunt maintained the shares of HSX in report on Monday, October 3 with “Reduce” rating. Bernstein maintained Hiscox Ltd (LON:HSX) on Monday, December 7 with “Market Perform” rating. The rating was upgraded by Numis Securities to “Add” on Thursday, November 24. The stock of Hiscox Ltd (LON:HSX) has “Overweight” rating given on Tuesday, July 26 by JP Morgan. The company was maintained on Tuesday, November 8 by JP Morgan. The stock has “Overweight” rating by JP Morgan on Monday, March 6.

About 62,930 shares traded. Hiscox Ltd (LON:HSX) has 0.00% since July 26, 2016 and is . It has underperformed by 16.70% the S&P500.

Hiscox Limited is a Bermuda-based insurer company. The company has market cap of 3.82 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 11.51 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: Businessinsurance.com which released: “Hiscox selects Luxembourg as European hub” on May 09, 2017. Also Businessinsurance.com published the news titled: “Q&A: Bronek Masojada, Hiscox Ltd.” on March 13, 2016. Finance.Yahoo.com‘s news article titled: “AM Best Affirms Credit Ratings of Hiscox Ltd and Its Subsidiaries” with publication date: February 10, 2017 was also an interesting one.

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