Hiscox Ltd (LON:HSX – Get Rating)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 927.44 ($11.36) and traded as high as GBX 938.60 ($11.50). Hiscox shares last traded at GBX 927.40 ($11.36), with a volume of 429,544 shares trading hands.
Several equities analysts have weighed in on the stock. Morgan Stanley restated an “overweight” rating on shares of Hiscox in a report on Wednesday, May 11th. JPMorgan Chase & Co. restated an “underweight” rating and set a GBX 895 ($10.96) target price on shares of Hiscox in a report on Tuesday, May 17th. Berenberg Bank restated a “hold” rating and set a GBX 1,075 ($13.17) target price on shares of Hiscox in a report on Monday, May 30th. Royal Bank of Canada restated a “sector perform” rating and set a GBX 1,000 ($12.25) target price on shares of Hiscox in a report on Friday, May 27th. Finally, Barclays restated an “equal weight” rating and set a GBX 1,067 ($13.07) target price on shares of Hiscox in a report on Thursday, May 5th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of GBX 1,020.86 ($12.50).
The firm has a market capitalization of £3.21 billion and a PE ratio of 20.70. The company has a quick ratio of 0.56, a current ratio of 0.99 and a debt-to-equity ratio of 31.23. The business’s fifty day moving average price is GBX 934.29 and its 200 day moving average price is GBX 927.44.
About Hiscox (LON:HSX)
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 provides commercial insurance for small-and medium-sized businesses, personal lines cover, including high-value household, fine art, luxury motor, and classic car through brokers, partners and direct-to-consumer using both traditional and digital trading models.
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