Hiscox Ltd (LON:HSX – Get Free Report) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 1,506.89 and traded as high as GBX 1,762. Hiscox shares last traded at GBX 1,754, with a volume of 914,332 shares trading hands.
Analysts Set New Price Targets
Several equities analysts recently weighed in on the stock. Peel Hunt reaffirmed an “add” rating and set a GBX 1,960 target price on shares of Hiscox in a research note on Thursday, May 28th. Royal Bank Of Canada reissued an “outperform” rating and issued a GBX 1,850 price objective on shares of Hiscox in a research note on Monday, May 18th. Berenberg Bank lifted their price objective on shares of Hiscox from GBX 1,760 to GBX 1,900 and gave the stock a “buy” rating in a research note on Friday, May 8th. JPMorgan Chase & Co. lifted their price objective on shares of Hiscox from GBX 1,600 to GBX 1,800 and gave the stock an “overweight” rating in a research note on Tuesday, May 5th. Finally, Jefferies Financial Group reissued an “underperform” rating and issued a GBX 1,148 price objective on shares of Hiscox in a research note on Thursday, May 7th. Five investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of GBX 1,728.50.
Check Out Our Latest Analysis on HSX
Hiscox Trading Down 1.8%
About Hiscox
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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