Hiscox (LON:HSX) Reaches New 52-Week High – Should You Buy?

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 1,890 and last traded at GBX 1,887, with a volume of 667171 shares trading hands. The stock had previously closed at GBX 1,870.

Analyst Upgrades and Downgrades

HSX has been the topic of several research analyst reports. Berenberg Bank raised their price objective 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 restated an “outperform” rating and issued a GBX 1,850 price target on shares of Hiscox in a research note on Wednesday, June 24th. JPMorgan Chase & Co. lifted their price target on shares of Hiscox from GBX 1,600 to GBX 1,800 and gave the company an “overweight” rating in a report on Tuesday, May 5th. Jefferies Financial Group reaffirmed an “underperform” rating and set a GBX 1,148 target price on shares of Hiscox in a research note on Thursday, May 7th. Finally, Peel Hunt reiterated an “add” rating and issued a GBX 1,960 price target on shares of Hiscox in a research note on Thursday, May 28th. Five analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 1,728.50.

Hiscox Stock Performance

The stock’s fifty day simple moving average is GBX 1,755.60 and its two-hundred day simple moving average is GBX 1,584.94. The stock has a market capitalization of £6.09 billion, a P/E ratio of 10.85, 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.