Hiscox (LON:HSX) Hits New 1-Year High – Here’s Why

Hiscox Ltd (LON:HSX) hit a new 52-week high during trading on Wednesday . The stock traded as high as GBX 1,562 and last traded at GBX 1,558, with a volume of 365027 shares trading hands. The stock had previously closed at GBX 1,551.

Analysts Set New Price Targets

Several research analysts have weighed in on HSX shares. 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 research report on Wednesday, January 21st. Jefferies Financial Group increased their price objective on Hiscox from GBX 1,068 to GBX 1,148 and gave the company an “underperform” rating in a report on Thursday, March 5th. Four equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of GBX 1,466.83.

Hiscox Stock Performance

The company has a market capitalization of £4.93 billion, a P/E ratio of 8.70, a PEG ratio of -2.30 and a beta of 0.37. The stock’s fifty day moving average price is GBX 1,479.45 and its 200-day moving average price is GBX 1,400.24.

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.