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

Hiscox Ltd (LON:HSX - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 1,156.12 ($15.71) and traded as high as GBX 1,256 ($17.06). Hiscox shares last traded at GBX 1,225.55 ($16.65), with a volume of 897,148 shares changing hands.

Analysts Set New Price Targets

A number of research analysts recently weighed in on HSX shares. Berenberg Bank assumed coverage on shares of Hiscox in a research report on Thursday, May 29th. They set a "buy" rating and a GBX 1,450 ($19.70) price objective on the stock. Peel Hunt reiterated a "buy" rating and set a GBX 1,460 ($19.83) price target on shares of Hiscox in a research note on Thursday, July 3rd.

Hiscox Trading Up 0.7%

The firm has a market cap of £5.32 billion, a P/E ratio of 7.58, a P/E/G ratio of -2.30 and a beta of 0.65. The business has a 50-day moving average price of GBX 1,241.26 and a 200-day moving average price of GBX 1,156.12.

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.

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