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Hiscox ( (GB:HSX) ) has shared an update.
Hiscox Ltd has announced the purchase of 170,000 of its own ordinary shares as part of its share buyback program. The shares were bought at prices ranging from 1,328.00 GBp to 1,341.00 GBp and will be cancelled, which is part of a strategic move to manage the company’s capital structure and potentially enhance shareholder value.
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 diverse range of insurance products and services. The company focuses on providing tailored insurance solutions for businesses and individuals, with a strong presence in markets such as the UK, Europe, and the US.
Average Trading Volume: 1,141,360
Technical Sentiment Signal: Strong Buy
Current Market Cap: £4.45B
See more data about HSX stock on TipRanks’ Stock Analysis page.