Hiscox (LON:HSX) Hits New 52-Week High – Should You Buy?

Shares of Hiscox Ltd (LON:HSX) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 1,537 and last traded at GBX 1,536, with a volume of 389611 shares trading hands. The stock had previously closed at GBX 1,483.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. JPMorgan Chase & Co. raised their price target on shares of Hiscox from GBX 1,400 to GBX 1,500 and gave the stock an “overweight” rating in a report on Thursday, November 6th. Berenberg Bank restated a “buy” rating and issued a GBX 1,580 target price on shares of Hiscox in a report on Thursday, November 6th. Jefferies Financial Group raised shares of Hiscox to a “buy” rating and cut their price target for the company from GBX 1,500 to GBX 1,068 in a research report on Wednesday, November 12th. Finally, The Goldman Sachs Group lifted their price objective on Hiscox from GBX 1,560 to GBX 1,713 and gave the stock a “buy” rating in a research report on Wednesday, January 21st. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 1,453.50.

Hiscox Stock Performance

The company has a 50 day moving average price of GBX 1,408.66 and a 200 day moving average price of GBX 1,362.29. The company has a market capitalization of £4.99 billion, a price-to-earnings ratio of 9.01, a P/E/G ratio of -2.30 and a beta of 0.65.

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.