Hiscox (LON:HSX) Reaches New 1-Year High – Still a Buy?

Hiscox Ltd (LON:HSX) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 1,481 and last traded at GBX 1,434, with a volume of 36714391 shares traded. The stock had previously closed at GBX 1,389.

Analyst Ratings Changes

HSX has been the subject of several research reports. JPMorgan Chase & Co. raised their price objective on shares of Hiscox from GBX 1,400 to GBX 1,500 and gave the company an “overweight” rating in a research report on Thursday, November 6th. Jefferies Financial Group raised shares of Hiscox to a “buy” rating and lowered their price target for the company from GBX 1,500 to GBX 1,068 in a report on Wednesday, November 12th. Finally, Berenberg Bank restated a “buy” rating and issued a GBX 1,580 price objective on shares of Hiscox in a research report on Thursday, November 6th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Hiscox has a consensus rating of “Moderate Buy” and an average price target of GBX 1,401.60.

Hiscox Trading Up 0.6%

The stock has a market capitalization of £4.86 billion, a P/E ratio of 8.79, a PEG ratio of -2.30 and a beta of 0.65. The company has a fifty day simple moving average of GBX 1,377.26 and a two-hundred day simple moving average of GBX 1,344.94.

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.