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Hiscox ( (GB:HSX) ) has issued an announcement.
Hiscox Ltd has announced the purchase of 30,000 of its own ordinary shares as part of its share buyback program initiated earlier in the year. The shares were bought at a volume-weighted average price of 1,273 GBp and will be canceled, which is expected to impact the company’s share capital structure and potentially enhance shareholder value.
The most recent analyst rating on (GB:HSX) stock is a Hold with a £13.30 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 exhibits a solid financial position with attractive valuation and positive earnings guidance. However, challenges in cash flow and certain operational areas temper the overall score. Technical indicators suggest a neutral momentum, adding a conservative outlook.
To see Spark’s full report on GB:HSX stock, click here.
More about Hiscox
Hiscox Ltd operates in the insurance industry, providing a range of insurance products and services. The company is known for its focus on niche markets, offering specialized insurance solutions to businesses and individuals.
Average Trading Volume: 1,383,961
Technical Sentiment Signal: Strong Buy
Current Market Cap: £4.29B
For a thorough assessment of HSX stock, go to TipRanks’ Stock Analysis page.