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Hiscox ( (GB:HSX) ) has shared an announcement.
Hiscox Ltd has executed a share buyback program, purchasing 80,000 of its own ordinary shares at prices ranging from 1,333.00 GBp to 1,358.28 GBp, with a volume-weighted average price of 1,345.07 GBp. This move is part of the company’s ongoing strategy to manage its capital structure and return value to shareholders, potentially enhancing shareholder value and signaling confidence in the company’s financial health.
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’s strong earnings call performance and attractive valuation are the most significant factors driving the score. Financial performance is stable but challenged by cash flow issues, while technical indicators suggest a strong upward trend with caution advised due to potential overbought conditions.
To see Spark’s full report on GB:HSX stock, click here.
More about Hiscox
Hiscox Ltd is a global insurance company that provides a range of insurance products and services. The company primarily focuses on niche areas of the insurance market, offering specialized coverage for small businesses, high-net-worth individuals, and other specific sectors.
Average Trading Volume: 1,170,732
Technical Sentiment Signal: Buy
Current Market Cap: £4.23B
For detailed information about HSX stock, go to TipRanks’ Stock Analysis page.