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

Hiscox Ltd (LON:HSX)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 1,379.23 and traded as high as GBX 1,471.43. Hiscox shares last traded at GBX 1,462, with a volume of 741,271 shares changing hands.

Analysts Set New Price Targets

A number of brokerages recently weighed in on HSX. The Goldman Sachs Group lifted their price objective on shares of Hiscox from GBX 1,560 to GBX 1,713 and gave the company a “buy” rating in a research note on Wednesday, January 21st. Jefferies Financial Group raised shares of Hiscox to a “buy” rating and lowered their target price for the company from GBX 1,500 to GBX 1,068 in a research note on Wednesday, November 12th. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 1,580 price target on shares of Hiscox in a research note on Thursday, November 6th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Hiscox from GBX 1,400 to GBX 1,500 and gave the company an “overweight” rating in a report on Thursday, November 6th. Five equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of GBX 1,453.50.

Hiscox Trading Up 0.4%

The stock has a fifty day moving average of GBX 1,448.20 and a 200-day moving average of GBX 1,379.23. The firm has a market capitalization of £4.76 billion, a price-to-earnings ratio of 8.61, a PEG ratio of -2.30 and a beta of 0.65.

About Hiscox

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.