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An announcement from Hiscox ( (GB:HSX) ) is now available.
Hiscox Ltd has announced the repurchase of 167,862 of its own ordinary shares as part of its ongoing share buyback program. The shares were bought at a volume-weighted average price of 1,341.26 GBp and will be canceled, potentially impacting the company’s share capital structure and signaling confidence in its financial position.
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
YTD Price Performance: 27.16%
Average Trading Volume: 1,201,044
Technical Sentiment Signal: Strong Buy
Current Market Cap: £4.38B
Learn more about HSX stock on TipRanks’ Stock Analysis page.