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Hiscox ( (GB:HSX) ) just unveiled an update.
Hiscox Ltd, under its share buyback programme, has repurchased 120,000 of its Ordinary Shares through Peel Hunt LLP, with prices ranging from 1,286.00 GBp to 1,303.00 GBp. This move is part of the company’s ongoing strategy to manage its capital structure and potentially enhance shareholder value by reducing the number of shares in circulation.
The most recent analyst rating on (GB:HSX) stock is a Buy with a £1434.00 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 score is driven by strong earnings call highlights and a favorable valuation, offset by moderate financial performance and technical indicators. The company’s strategic initiatives and shareholder returns are positive, but attention to cash flow and market conditions is necessary.
To see Spark’s full report on GB:HSX stock, click here.
More about Hiscox
Average Trading Volume: 1,301,720
Technical Sentiment Signal: Strong Buy
Current Market Cap: £4.33B
See more data about HSX stock on TipRanks’ Stock Analysis page.