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The latest announcement is out from Hiscox ( (GB:HSX) ).
Hiscox Ltd announced the purchase of 170,000 ordinary shares as part of its ongoing share buyback program. The shares were acquired at a volume-weighted average price of 1,327.84 pence per share and will be canceled, reflecting the company’s strategy to enhance shareholder value and optimize its capital structure.
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 global specialist insurer, offering a range of insurance products and services. The company primarily focuses on niche markets, including property, casualty, and specialty insurance, catering to both personal and commercial clients.
Average Trading Volume: 1,127,316
Technical Sentiment Signal: Buy
Current Market Cap: £4.33B
Find detailed analytics on HSX stock on TipRanks’ Stock Analysis page.