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

Key Points

• Hiscox Ltd has crossed above its 200-day moving average, trading at GBX 1,308 ($17.58), signaling potential upward momentum.
• Analysts have issued varying ratings, with Peel Hunt maintaining a "buy" rating and a target price of GBX 1,460, while Royal Bank Of Canada raised their target to GBX 1,300.
• The company's current market capitalization stands at £5.64 billion, with a P/E ratio of 8.03, suggesting a relatively low valuation compared to earnings.

Hiscox Ltd (LON:HSX - Get Free Report)'s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 1,170.58 ($15.73) and traded as high as GBX 1,312 ($17.63). Hiscox shares last traded at GBX 1,308 ($17.58), with a volume of 555,624 shares traded.

Analyst Ratings Changes

HSX has been the subject of a number of recent research reports. Peel Hunt reiterated a "buy" rating and set a GBX 1,460 ($19.62) price objective on shares of Hiscox in a research note on Thursday, July 3rd. Royal Bank Of Canada upped their price objective on Hiscox from GBX 1,125 ($15.12) to GBX 1,300 ($17.47) and gave the stock a "sector perform" rating in a research note on Friday, July 18th. Finally, Berenberg Bank assumed coverage on Hiscox in a research note on Thursday, May 29th. They set a "buy" rating and a GBX 1,450 ($19.49) price target for the company.

Hiscox Trading Up 0.9%

The stock has a 50-day simple moving average of GBX 1,269.12 and a 200 day simple moving average of GBX 1,170.58. The company has a market cap of £5.64 billion, a price-to-earnings ratio of 8.03, a PEG ratio of -2.30 and a beta of 0.65.

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.