TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Hiscox ( (GB:HSX) ) just unveiled an update.
Hiscox Ltd has announced the purchase of 170,000 of its own ordinary shares as part of its share buyback program, with the highest price paid per share being 1,323 GBp and the lowest 1,301 GBp. This strategic move to repurchase shares is likely aimed at enhancing shareholder value and optimizing the company’s capital structure, reflecting positively on its market confidence and potentially impacting its stock performance.
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 insurance company that provides a range of insurance products and services, focusing on niche areas such as high-net-worth individuals, small businesses, and specialty risks. The company operates in various markets, offering tailored insurance solutions to meet the specific needs of its clients.
Average Trading Volume: 1,253,010
Technical Sentiment Signal: Buy
Current Market Cap: £4.33B
Learn more about HSX stock on TipRanks’ Stock Analysis page.