Hiscox (LON:HSX) Share Price Passes Above 200-Day Moving Average – What’s Next?

Hiscox Ltd (LON:HSX)’s share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 1,407.35 and traded as high as GBX 1,537. Hiscox shares last traded at GBX 1,534, with a volume of 49,858,980 shares traded.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. The Goldman Sachs Group raised their target price on shares of Hiscox from GBX 1,560 to GBX 1,713 and gave the company a “buy” rating in a report on Wednesday, January 21st. Jefferies Financial Group upped their price target on shares of Hiscox from GBX 1,068 to GBX 1,148 and gave the company an “underperform” rating in a report on Thursday, March 5th. Four analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of GBX 1,466.83.

Hiscox Price Performance

The company has a market cap of £4.91 billion, a PE ratio of 8.67, a P/E/G ratio of -2.30 and a beta of 0.37. The firm has a 50-day simple moving average of GBX 1,494.19 and a two-hundred day simple moving average of GBX 1,409.72.

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.