Hiscox (LON:HSX) Shares Pass Above 200-Day Moving Average – Here’s What Happened

Hiscox Ltd (LON:HSX)’s share price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 1,615.50 and traded as high as GBX 1,847. Hiscox shares last traded at GBX 1,825, with a volume of 1,349,078 shares traded.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Berenberg Bank upped their price target on shares of Hiscox from GBX 1,760 to GBX 1,900 and gave the company a “buy” rating in a report on Friday, May 8th. Jefferies Financial Group reiterated an “underperform” rating and issued a GBX 1,148 price objective on shares of Hiscox in a research note on Thursday, May 7th. Peel Hunt reissued an “add” rating and set a GBX 1,960 price objective on shares of Hiscox in a research report on Thursday, May 28th. JPMorgan Chase & Co. boosted their price objective on Hiscox from GBX 1,800 to GBX 2,050 and gave the stock an “overweight” rating in a research report on Friday, July 10th. Finally, Royal Bank Of Canada restated an “outperform” rating and set a GBX 1,850 target price on shares of Hiscox in a research note on Wednesday, June 24th. Five research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of GBX 1,770.17.

Hiscox Stock Performance

The company’s 50 day moving average is GBX 1,810.71 and its 200 day moving average is GBX 1,615.50. The stock has a market capitalization of £5.86 billion, a price-to-earnings ratio of 10.43, a PEG ratio of -2.30 and a beta of 0.40.

About Hiscox

Hiscox is a global, specialty insurer, listed on the London Stock Exchange and headquartered in Bermuda. We have grown from
our roots as a niche Lloyd’s of London underwriter into a diversified international insurance group operating across direct‑to‑consumer, broker and partner‑distributed retail insurance; large and complex commercial insurance; reinsurance and insurance‑linked strategies.

We currently employ over 3,000 people worldwide across 13 countries and 31 offices. We have a distinctive brand, energised and ambitious teams, a strong balance sheet, and plenty of room to grow in each of our chosen markets and lines of business.