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

Hiscox Ltd (LON:HSX) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 1,633.60 and traded as high as GBX 1,834. Hiscox shares last traded at GBX 1,816, with a volume of 803,878 shares.

Analysts Set New Price Targets

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

Hiscox Trading Up 0.2%

The business’s 50-day simple moving average is GBX 1,811.79 and its 200 day simple moving average is GBX 1,633.60. The company has a market capitalization of £5.84 billion, a P/E ratio of 10.40, 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.