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

Hiscox Ltd (LON:HSX) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 1,506.89 and traded as high as GBX 1,762. Hiscox shares last traded at GBX 1,754, with a volume of 914,332 shares traded.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Peel Hunt restated an “add” rating and set a GBX 1,960 price objective on shares of Hiscox in a research report on Thursday, May 28th. Royal Bank Of Canada restated an “outperform” rating and set a GBX 1,850 price objective on shares of Hiscox in a research report on Monday, May 18th. Jefferies Financial Group restated an “underperform” rating and set a GBX 1,148 price objective on shares of Hiscox in a research report on Thursday, May 7th. Berenberg Bank raised their price objective on shares of Hiscox from GBX 1,760 to GBX 1,900 and gave the company a “buy” rating in a research report on Friday, May 8th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Hiscox from GBX 1,600 to GBX 1,800 and gave the company an “overweight” rating in a research report on Tuesday, May 5th. Five equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of GBX 1,728.50.

Hiscox Stock Performance

The stock has a market capitalization of £5.53 billion, a P/E ratio of 9.84, a P/E/G ratio of -2.30 and a beta of 0.37. The company’s 50-day moving average price is GBX 1,641.37 and its 200 day moving average price is GBX 1,506.89.

Hiscox Company Profile

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.