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Hiscox ( (GB:HSX) ) has shared an update.
Hiscox Ltd has executed a share buyback program, purchasing 170,000 of its own ordinary shares through Citigroup Global Markets Limited. The shares were bought at prices ranging from 1,326.00 GBp to 1,337.00 GBp, with a volume-weighted average price of 1,331.11 GBp. This move is part of Hiscox’s ongoing strategy to manage its capital structure and 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 £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
Average Trading Volume: 1,201,044
Technical Sentiment Signal: Strong Buy
Current Market Cap: £4.38B
See more data about HSX stock on TipRanks’ Stock Analysis page.