Hiscox (LON:HSX) Shares Pass Above Two Hundred Day Moving Average – Here’s Why

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 1,334.93 and traded as high as GBX 1,402.50. Hiscox shares last traded at GBX 1,399, with a volume of 519,235 shares changing hands.

Wall Street Analyst Weigh In

Several research firms recently commented on HSX. Berenberg Bank restated a “buy” rating and set a GBX 1,580 price target on shares of Hiscox in a report on Thursday, November 6th. JPMorgan Chase & Co. increased their target price on shares of Hiscox from GBX 1,400 to GBX 1,500 and gave the stock an “overweight” rating in a research report on Thursday, November 6th. Finally, Jefferies Financial Group upgraded shares of Hiscox to a “buy” rating and lowered their price target for the company from GBX 1,500 to GBX 1,068 in a report on Wednesday, November 12th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of GBX 1,401.60.

Hiscox Stock Performance

The firm has a market cap of £4.52 billion, a price-to-earnings ratio of 8.16, a price-to-earnings-growth ratio of -2.30 and a beta of 0.65. The firm’s 50 day moving average is GBX 1,369.54 and its 200-day moving average is GBX 1,334.93.

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.