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

Hiscox Ltd (LON:HSX)’s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 1,142.94 ($15.37) and traded as high as GBX 1,313 ($17.66). Hiscox shares last traded at GBX 1,281.80 ($17.24), with a volume of 2,857,938 shares.

Wall Street Analyst Weigh In

Separately, Berenberg Bank initiated coverage on shares of Hiscox in a report on Thursday, May 29th. They issued a “buy” rating and a GBX 1,450 ($19.50) target price for the company.

Hiscox Stock Up 1.6%

The stock has a market capitalization of £5.52 billion, a PE ratio of 7.87, a PEG ratio of -2.30 and a beta of 0.65. The stock’s 50 day moving average price is GBX 1,209.01 and its 200-day moving average price is GBX 1,142.94.

Hiscox Company Profile

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.