Hiscox (LON:HSX) Hits New 12-Month High – What’s Next?

Hiscox Ltd (LON:HSX)’s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as GBX 1,646 and last traded at GBX 1,630, with a volume of 736635 shares traded. The stock had previously closed at GBX 1,550.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on HSX. Jefferies Financial Group restated an “underperform” rating and set a GBX 1,148 target price on shares of Hiscox in a research report on Thursday. The Goldman Sachs Group increased their target price on shares of Hiscox from GBX 1,560 to GBX 1,713 and gave the stock a “buy” rating in a research report on Wednesday, January 21st. Berenberg Bank increased their target price on shares of Hiscox from GBX 1,760 to GBX 1,900 and gave the stock a “buy” rating in a research report on Friday. Finally, JPMorgan Chase & Co. increased their target price on shares of Hiscox from GBX 1,600 to GBX 1,800 and gave the stock an “overweight” rating in a research report on Tuesday. Four investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 1,570.17.

Hiscox Trading Down 0.6%

The firm has a market cap of £5.22 billion, a price-to-earnings ratio of 9.28, a price-to-earnings-growth ratio of -2.30 and a beta of 0.37. The company’s 50-day moving average is GBX 1,540.12 and its 200-day moving average is GBX 1,452.60.

About Hiscox

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.