Hiscox (LON:HSX) Hits New 12-Month High – Should You Buy?

Hiscox Ltd (LON:HSX) shares hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as GBX 1,562 and last traded at GBX 1,558, with a volume of 365027 shares trading hands. The stock had previously closed at GBX 1,551.

Wall Street Analyst Weigh In

HSX has been the topic of a number of research analyst reports. The Goldman Sachs Group upped their price target on shares of Hiscox from GBX 1,560 to GBX 1,713 and gave the stock a “buy” rating in a report on Wednesday, January 21st. Jefferies Financial Group upped their target price on shares of Hiscox from GBX 1,068 to GBX 1,148 and gave the stock an “underperform” rating in a research note on Thursday, March 5th. Four investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Hiscox has a consensus rating of “Moderate Buy” and an average price target of GBX 1,466.83.

Hiscox Trading Up 0.6%

The stock has a market capitalization of £5.05 billion, a P/E ratio of 8.92, a price-to-earnings-growth ratio of -2.30 and a beta of 0.37. The company has a 50-day moving average price of GBX 1,473.83 and a 200 day moving average price of GBX 1,398.36.

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.