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

Hiscox Ltd (LON:HSX) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 1,407.35 and traded as high as GBX 1,537. Hiscox shares last traded at GBX 1,534, with a volume of 49,858,980 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. The Goldman Sachs Group upped their target price on Hiscox from GBX 1,560 to GBX 1,713 and gave the stock a “buy” rating in a report on Wednesday, January 21st. Jefferies Financial Group lifted their price target on Hiscox from GBX 1,068 to GBX 1,148 and gave the company an “underperform” rating in a research note on Thursday, March 5th. Four analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 1,466.83.

Hiscox Stock Up 1.7%

The stock has a 50 day moving average of GBX 1,489.07 and a 200 day moving average of GBX 1,407.35. The company has a market capitalization of £4.96 billion, a price-to-earnings ratio of 8.77, a price-to-earnings-growth ratio of -2.30 and a beta of 0.37.

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.