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Hiscox ( (GB:HSX) ) has provided an announcement.
Hiscox Ltd has executed a share buyback program, purchasing 160,000 of its own ordinary shares through Citigroup Global Markets Limited. The shares were bought at a volume-weighted average price of 1,397.76 GBp and will be canceled, which is part of the company’s strategy to manage its capital structure 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
Average Trading Volume: 1,377,835
Technical Sentiment Signal: Buy
Current Market Cap: £4.64B
Find detailed analytics on HSX stock on TipRanks’ Stock Analysis page.