Hiscox (LON:HSX) Hits New 52-Week High - Here's Why

Hiscox Ltd (LON:HSX - Get Free Report) shares reached a new 52-week high during trading on Friday . The stock traded as high as GBX 1,303 ($17.62) and last traded at GBX 1,281 ($17.32), with a volume of 1278413 shares traded. The stock had previously closed at GBX 1,253 ($16.94).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank assumed coverage on Hiscox in a research report on Thursday, May 29th. They issued a "buy" rating and a GBX 1,450 ($19.60) price target for the company.

Hiscox Trading Up 0.5%

The stock has a market capitalization of £5.50 billion, a P/E ratio of 7.84, a price-to-earnings-growth ratio of -2.30 and a beta of 0.65. The company has a 50-day moving average price of GBX 1,165.35 and a 200 day moving average price of GBX 1,119.30.

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.