Hiscox (OTCMKTS:HCXLF) Stock Price Up 2.2% – Here’s Why

Hiscox Ltd (OTCMKTS:HCXLF) shares rose 2.2% during trading on Wednesday . The stock traded as high as $17.5850 and last traded at $17.5850. Approximately 125 shares changed hands during mid-day trading, a decline of 95% from the average daily volume of 2,600 shares. The stock had previously closed at $17.20.

Analysts Set New Price Targets

Separately, Royal Bank Of Canada upgraded Hiscox from a “sector perform” rating to an “outperform” rating in a research report on Monday, October 13th. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy”.

Hiscox Trading Up 2.2%

The company has a fifty day moving average of $17.91 and a 200 day moving average of $17.35.

Hiscox Company Profile

Hiscox Ltd, through its subsidiaries, provides insurance and reinsurance services in the United Kingdom, Europe, the United States, and internationally. The company operates through four segments: Hiscox Retail, Hiscox London Market, Hiscox Re & ILS, and Corporate Centre. It offers commercial insurance for small-and medium-sized businesses; and personal lines cover, including high-value household, fine art, and luxury motor, as well as artwork, antiques, classic cars, jewelry, collectables, and other assets through brokers, partners, and direct-to-consumers.