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

Hiscox Ltd (LON:HSX) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 1,722.96 and traded as high as GBX 1,937. Hiscox shares last traded at GBX 1,924, with a volume of 2,129,513 shares changing hands.

Analysts Set New Price Targets

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

Hiscox Price Performance

The business’s 50 day moving average is GBX 1,836.36 and its 200-day moving average is GBX 1,722.96. The company has a market cap of £6.11 billion, a PE ratio of 10.16, a P/E/G 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.