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Hiscox ( (GB:HSX) ) just unveiled an update.
Hiscox Ltd has announced the purchase of 170,000 of its own ordinary shares as part of its ongoing share buyback program. The shares were bought at prices ranging from 1,328.00 GBp to 1,341.00 GBp, with a volume-weighted average price of 1,337.15 GBp. This move is part of Hiscox’s strategy to manage its capital structure and return value to shareholders by reducing the number of shares in circulation.
The most recent analyst rating on (GB:HSX) stock is a Buy with a £15.60 price target. To see the full list of analyst forecasts on Hiscox stock, see the GB:HSX Stock Forecast page.
Spark’s Take on GB:HSX Stock
According to Spark, TipRanks’ AI Analyst, GB:HSX is a Outperform.
Hiscox’s overall stock score is driven by strong earnings call performance and solid valuation metrics. Financial performance is stable but challenged by cash flow issues. Technical analysis indicates a neutral trend, with no strong momentum signals.
To see Spark’s full report on GB:HSX stock, click here.
More about Hiscox
Hiscox Ltd is a leading insurance company that specializes in providing a range of insurance products and services, with a focus on niche markets such as high-value homes, fine art, and small businesses. The company operates globally, offering tailored insurance solutions to meet the specific needs of its diverse clientele.
Average Trading Volume: 1,141,360
Technical Sentiment Signal: Strong Buy
Current Market Cap: £4.45B
For an in-depth examination of HSX stock, go to TipRanks’ Overview page.