Hiscox (LON:HSX) Stock Price Passes Above 200 Day Moving Average – What’s Next?

Hiscox Ltd (LON:HSX)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 1,379.23 and traded as high as GBX 1,471.43. Hiscox shares last traded at GBX 1,462, with a volume of 741,271 shares traded.

Analyst Ratings Changes

Several equities research analysts recently commented on HSX shares. JPMorgan Chase & Co. upped their price target on shares of Hiscox from GBX 1,400 to GBX 1,500 and gave the company an “overweight” rating in a research report on Thursday, November 6th. Jefferies Financial Group raised shares of Hiscox to a “buy” rating and cut their target price for the company from GBX 1,500 to GBX 1,068 in a research note on Wednesday, November 12th. The Goldman Sachs Group raised their target price on Hiscox from GBX 1,560 to GBX 1,713 and gave the stock a “buy” rating in a research report on Wednesday, January 21st. Finally, Berenberg Bank reiterated a “buy” rating and set a GBX 1,580 price target on shares of Hiscox in a report on Thursday, November 6th. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of GBX 1,453.50.

Hiscox Stock Performance

The company has a 50 day moving average of GBX 1,448.20 and a 200 day moving average of GBX 1,379.23. The firm has a market cap of £4.76 billion, a P/E ratio of 8.61, a PEG ratio of -2.30 and a beta of 0.65.

About Hiscox

Hiscox Ltd, through its subsidiaries, provides insurance and reinsurance services in the United Kingdom, Europe, the United States, and internationally. The company operates through four segments: Hiscox Retail, Hiscox London Market, Hiscox Re & ILS, and Corporate Centre. It offers commercial insurance for small-and medium-sized businesses; and personal lines cover, including high-value household, fine art, and luxury motor, as well as artwork, antiques, classic cars, jewelry, collectables, and other assets through brokers, partners, and direct-to-consumers.