Hiscox (LON:HSX) Shares Pass Above Two Hundred Day Moving Average - What's Next?

Key Points

• Hiscox shares passed above its 200‑day moving average (200‑day MA GBX 1,446.28), trading as high as GBX 1,568 on Tuesday with about 2.09 million shares changing hands.
• Analyst moves: Goldman Sachs raised its price target to GBX 1,713 and gave a "buy" rating, Jefferies raised its target to GBX 1,148 but kept an "underperform" call, and the consensus is a "Moderate Buy" with an average target of GBX 1,466.83.
• Company fundamentals show a market cap of £5.06 billion, P/E of 8.96, P/E/G of -2.30 and a beta of 0.36, with a 50‑day MA at GBX 1,530.24.

Hiscox Ltd (LON:HSX - Get Free Report) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 1,446.28 and traded as high as GBX 1,568. Hiscox shares last traded at GBX 1,568, with a volume of 2,094,167 shares changing hands.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on HSX. The Goldman Sachs Group boosted their price target on Hiscox from GBX 1,560 to GBX 1,713 and gave the stock a "buy" rating in a report on Wednesday, January 21st. Jefferies Financial Group raised their price objective on Hiscox from GBX 1,068 to GBX 1,148 and gave the company an "underperform" rating in a research note on Thursday, March 5th. Four research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of GBX 1,466.83.

Hiscox Stock Performance

The firm has a market cap of £5.06 billion, a P/E ratio of 8.96, a P/E/G ratio of -2.30 and a beta of 0.36. The company's 50 day moving average is GBX 1,530.24 and its 200 day moving average is GBX 1,446.28.

Hiscox Company Profile

Hiscox is a global, specialty insurer, listed on the London Stock Exchange and headquartered in Bermuda. We have grown from our roots as a niche Lloyd's of London underwriter into a diversified international insurance group operating across direct‑to‑consumer, broker and partner‑distributed retail insurance; large and complex commercial insurance; reinsurance and insurance‑linked strategies. We currently employ over 3,000 people worldwide across 13 countries and 31 offices. We have a distinctive brand, energised and ambitious teams, a strong balance sheet, and plenty of room to grow in each of our chosen markets and lines of business.

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