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Hiscox ( (GB:HSX) ) just unveiled an update.
Hiscox Ltd, a company involved in the insurance industry, has announced a significant transaction under its share buyback programme. The company purchased 160,000 of its own ordinary shares at prices ranging from 1,372.00 GBp to 1,409.00 GBp, with a volume-weighted average price of 1,385.85 GBp. These shares will be cancelled, which is part of their strategy to manage capital and potentially enhance shareholder value.
The most recent analyst rating on (GB:HSX) stock is a Buy with a £15.40 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
YTD Price Performance: 30.48%
Average Trading Volume: 1,386,412
Technical Sentiment Signal: Buy
Current Market Cap: £4.54B
For an in-depth examination of HSX stock, go to TipRanks’ Overview page.