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

Hiscox Ltd (LON:HSX) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 1,615.50 and traded as high as GBX 1,847. Hiscox shares last traded at GBX 1,825, with a volume of 1,349,078 shares.

Analyst Ratings Changes

HSX has been the subject of several recent research reports. Berenberg Bank boosted their price target on Hiscox from GBX 1,760 to GBX 1,900 and gave the company a “buy” rating in a research note on Friday, May 8th. Royal Bank Of Canada reissued an “outperform” rating and issued a GBX 1,850 target price on shares of Hiscox in a research report on Wednesday, June 24th. Peel Hunt restated an “add” rating and set a GBX 1,960 price target on shares of Hiscox in a report on Thursday, May 28th. JPMorgan Chase & Co. upped their price objective on shares of Hiscox from GBX 1,800 to GBX 2,050 and gave the stock an “overweight” rating in a report on Friday, July 10th. Finally, Jefferies Financial Group reissued an “underperform” rating and set a GBX 1,148 target price on shares of Hiscox in a research report on Thursday, May 7th. Five investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 1,770.17.

Hiscox Price Performance

The firm has a fifty day simple moving average of GBX 1,810.71 and a 200 day simple moving average of GBX 1,615.50. The company has a market cap of £5.86 billion, a price-to-earnings ratio of 10.43, a P/E/G ratio of -2.30 and a beta of 0.40.

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.