Hiscox (LON:HSX) Shares Pass Above 200-Day Moving Average – What’s Next?

Hiscox Ltd (LON:HSX) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 1,506.89 and traded as high as GBX 1,762. Hiscox shares last traded at GBX 1,754, with a volume of 914,332 shares.

Analyst Ratings Changes

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

Hiscox Trading Down 2.1%

The stock has a fifty day simple moving average of GBX 1,645.03 and a two-hundred day simple moving average of GBX 1,508.36. The company has a market cap of £5.52 billion, a PE ratio of 9.81, a price-to-earnings-growth ratio of -2.30 and a beta of 0.37.

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.