Hiscox (LON:HSX) Share Price Crosses Above 200-Day Moving Average – Here’s What Happened

Hiscox Ltd (LON:HSX) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 1,662.22 and traded as high as GBX 1,816. Hiscox shares last traded at GBX 1,804, with a volume of 902,325 shares traded.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on HSX shares. Citigroup boosted their target price on shares of Hiscox from GBX 1,611 to GBX 1,846 and gave the stock a “neutral” rating in a report on Thursday, August 6th. Berenberg Bank increased their price target on shares of Hiscox from GBX 1,900 to GBX 2,150 and gave the company a “buy” rating in a report on Friday, August 7th. 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. Jefferies Financial Group reiterated an “underperform” rating and issued a GBX 1,148 price target on shares of Hiscox in a research report on Thursday, May 7th. Finally, Peel Hunt reissued an “add” rating and set a GBX 1,960 price objective on shares of Hiscox in a research note on Wednesday, August 5th. Five investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Hiscox currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 1,838.14.

Hiscox Trading Down 1.7%

The stock has a market capitalization of £5.68 billion, a P/E ratio of 10.14, a price-to-earnings-growth ratio of -2.30 and a beta of 0.40. The stock has a 50 day moving average of GBX 1,820.21 and a 200-day moving average of GBX 1,664.39.

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.