Hiscox (LON:HSX) Shares Cross Above 200-Day Moving Average – Here’s What Happened

Hiscox Ltd (LON:HSX)’s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 1,522.40 and traded as high as GBX 1,770. Hiscox shares last traded at GBX 1,761, with a volume of 776,830 shares changing hands.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on HSX shares. Berenberg Bank boosted their target price on shares of Hiscox from GBX 1,760 to GBX 1,900 and gave the company a “buy” rating in a report on Friday, May 8th. JPMorgan Chase & Co. lifted their price target on Hiscox from GBX 1,600 to GBX 1,800 and gave the company an “overweight” rating in a research report on Tuesday, May 5th. Peel Hunt reiterated an “add” rating and set a GBX 1,960 price objective on shares of Hiscox in a research note on Thursday, May 28th. Royal Bank Of Canada restated an “outperform” rating and issued a GBX 1,850 target price on shares of Hiscox in a research note on Monday, May 18th. Finally, Jefferies Financial Group reaffirmed an “underperform” rating and set a GBX 1,148 target price on shares of Hiscox in a report on Thursday, May 7th. Five analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, Hiscox presently has an average rating of “Moderate Buy” and an average price target of GBX 1,728.50.

Hiscox Price Performance

The company has a 50 day moving average of GBX 1,666.91 and a 200-day moving average of GBX 1,522.40. The company has a market cap of £5.65 billion, a P/E ratio of 10.06, a price-to-earnings-growth ratio of -2.30 and a beta of 0.40.

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.