Hiscox (LON:HSX) Shares Cross Above 200 Day Moving Average - Here's What Happened

Hiscox Ltd (LON:HSX - Get Free Report)'s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 1,133.12 ($15.37) and traded as high as GBX 1,306 ($17.72). Hiscox shares last traded at GBX 1,292 ($17.53), with a volume of 661,338 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank started coverage on shares of Hiscox in a report on Thursday, May 29th. They issued a "buy" rating and a GBX 1,450 ($19.67) price objective for the company.

Hiscox Trading Down 1.0%

The company has a market cap of £5.51 billion, a PE ratio of 7.85, a PEG ratio of -2.30 and a beta of 0.65. The stock has a 50 day moving average price of GBX 1,187.42 and a 200 day moving average price of GBX 1,133.12.

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.