Hiscox (LON:HSX) Stock Price Passes Above Two Hundred Day Moving Average – Here’s Why

Hiscox Ltd (LON:HSX)’s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 1,572.01 and traded as high as GBX 1,858. Hiscox shares last traded at GBX 1,851, with a volume of 774,854 shares changing hands.

Analysts Set New Price Targets

HSX has been the topic of several research analyst reports. JPMorgan Chase & Co. lifted their price target on Hiscox from GBX 1,600 to GBX 1,800 and gave the stock an “overweight” rating in a research note on Tuesday, May 5th. Royal Bank Of Canada restated an “outperform” rating and set a GBX 1,850 price objective on shares of Hiscox in a research note on Wednesday, June 24th. Berenberg Bank increased their target price on Hiscox from GBX 1,760 to GBX 1,900 and gave the stock a “buy” rating in a report on Friday, May 8th. Jefferies Financial Group reiterated an “underperform” rating and issued a GBX 1,148 target price on shares of Hiscox in a research report on Thursday, May 7th. Finally, Peel Hunt reiterated an “add” rating and issued a GBX 1,960 price target on shares of Hiscox in a report on Thursday, May 28th. Five research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of GBX 1,728.50.

Hiscox Stock Performance

The company’s fifty day moving average price is GBX 1,731.68 and its 200 day moving average price is GBX 1,572.01. The firm has a market capitalization of £5.93 billion, a price-to-earnings ratio of 10.58, a price-to-earnings-growth ratio of -2.30 and a beta of 0.40.

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.