Hiscox (LON:HSX) Stock Price Crosses Above 200 Day Moving Average – What’s Next?

Hiscox Ltd (LON:HSX)’s share price passed above its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of GBX 1,768.78 and traded as high as GBX 1,886. Hiscox shares last traded at GBX 1,881, with a volume of 16,408,537 shares traded.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. JPMorgan Chase & Co. lifted their price objective on Hiscox from GBX 1,800 to GBX 2,050 and gave the company an “overweight” rating in a research note on Friday, July 10th. Citigroup upped their target price on Hiscox from GBX 1,611 to GBX 1,846 and gave the stock a “neutral” rating in a research note on Thursday, August 6th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a GBX 2,000 price target on shares of Hiscox in a report on Thursday, August 6th. Berenberg Bank reiterated a “buy” rating and set a GBX 2,150 price target on shares of Hiscox in a research report on Monday, August 24th. Finally, Peel Hunt reiterated an “add” rating and set a GBX 1,960 price target on shares of Hiscox in a research report on Wednesday, August 5th. Five analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Hiscox presently has an average rating of “Moderate Buy” and an average target price of GBX 1,838.14.

Hiscox Stock Performance

The stock’s 50 day simple moving average is GBX 1,851.28 and its 200 day simple moving average is GBX 1,773.46. The firm has a market cap of £5.86 billion, a PE ratio of 9.78, a PEG 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.