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

Hiscox Ltd (LON:HSX)’s stock price hit a new 52-week high during trading on Thursday . The stock traded as high as GBX 1,890 and last traded at GBX 1,887, with a volume of 667171 shares. The stock had previously closed at GBX 1,870.

Analyst Ratings Changes

Several research firms have recently commented on HSX. Jefferies Financial Group reissued an “underperform” rating and issued a GBX 1,148 price objective on shares of Hiscox in a report on Thursday, May 7th. Berenberg Bank raised their price objective on Hiscox from GBX 1,760 to GBX 1,900 and gave the company a “buy” rating in a research report on Friday, May 8th. JPMorgan Chase & Co. boosted their target price on Hiscox from GBX 1,600 to GBX 1,800 and gave the stock an “overweight” rating in a report on Tuesday, May 5th. Royal Bank Of Canada restated an “outperform” rating and issued a GBX 1,850 price target on shares of Hiscox in a research note on Wednesday, June 24th. Finally, Peel Hunt reaffirmed an “add” rating and set a GBX 1,960 price objective on shares of Hiscox in a research report on Thursday, May 28th. Five equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of GBX 1,728.50.

Hiscox Price Performance

The company has a market capitalization of £6.09 billion, a price-to-earnings ratio of 10.85, a P/E/G ratio of -2.30 and a beta of 0.40. The business’s 50-day moving average price is GBX 1,755.60 and its two-hundred day moving average price is GBX 1,584.94.

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.