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Hiscox ( (GB:HSX) ) has provided an update.
Hiscox Ltd has executed a share buyback program, purchasing 15,000 ordinary shares at a volume-weighted average price of 1,383.50 GBp per share. The shares were acquired through Peel Hunt LLP and will be cancelled, reflecting the company’s strategic decision to manage its capital structure and potentially enhance shareholder value.
The most recent analyst rating on (GB:HSX) stock is a Buy with a £1421.00 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 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 operates in the insurance industry, offering a range of insurance products and services. The company focuses on providing specialty insurance coverage to both individuals and businesses, with a strong presence in the UK and international markets.
Average Trading Volume: 1,299,062
Technical Sentiment Signal: Buy
Current Market Cap: £4.62B
For a thorough assessment of HSX stock, go to TipRanks’ Stock Analysis page.