Hiscox Ltd 10.7% potential upside indicated by Peel Hunt Limited

Hiscox Ltd with ticker (LON:HSX) now has a potential upside of 10.7% according to Peel Hunt Limited.



Peel Hunt Limited set a target price of 1,060 GBX for the company, which when compared to the Hiscox Ltd share price of 946 GBX at opening today (16/02/2022) indicates a potential upside of 10.7%. Trading has ranged between 8 (52 week low) and 969 (52 week high) with an average of 677,841 shares exchanging hands daily. The market capitalisation at the time of writing is £3,348,337,356.

Hiscox Limited is a Bermuda-based insurer company. The Company is a holding company for subsidiaries involved in the business of insurance and reinsurance in Bermuda, the United States, the United Kingdom, Guernsey, Europe and Asia. It operates through four segments: Hiscox Retail, Hiscox London Market, Hiscox Re and Corporate Centre. Its Hiscox Retail consists of Hiscox United Kingdom and Ireland, Hiscox Europe and Hiscox International. The Hiscox United Kingdom and Europe division provides commercial insurance for small- and medium-sized businesses. Its Hiscox London Market consists of the internationally traded insurance business, including lines in property, marine and energy, casualty and other specialty insurance lines. Its Hiscox Re is the reinsurance division of the Company, combining the underwriting platforms in Bermuda, London and Paris. The Corporate Centre consists of the investment return, finance costs and administrative costs associated with its management activities.