Hiscox (LON:HSX) Shares Cross Above 200 Day Moving Average of $1,128.35

Hiscox Ltd (LON:HSX) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 1,128.35 ($14.27) and traded as high as GBX 1,174 ($14.85). Hiscox shares last traded at GBX 1,134 ($14.34), with a volume of 528,029 shares.

Wall Street Analyst Weigh In

Several research firms recently commented on HSX. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Hiscox in a research report on Tuesday, April 9th. Berenberg Bank upped their target price on shares of Hiscox from GBX 1,230 ($15.56) to GBX 1,270 ($16.06) and gave the company a “hold” rating in a report on Tuesday, March 5th. Royal Bank of Canada reiterated a “sector perform” rating and set a GBX 1,275 ($16.13) target price on shares of Hiscox in a research note on Friday, May 3rd. Finally, Jefferies Financial Group restated a “hold” rating and issued a GBX 1,200 ($15.18) price target on shares of Hiscox in a research report on Wednesday, May 29th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of GBX 1,235 ($15.62).

Hiscox Price Performance

The company has a market cap of £3.90 billion, a price-to-earnings ratio of 713.21, a PEG ratio of -2.30 and a beta of 0.68. The company’s 50 day moving average price is GBX 1,157.64 and its 200 day moving average price is GBX 1,128.35. The company has a current ratio of 15.15, a quick ratio of 0.10 and a debt-to-equity ratio of 22.88.

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.