Hiscox (LON:HSX) Sets New 12-Month High – Time to Buy?

Shares of Hiscox Ltd (LON:HSX) reached a new 52-week high during trading on Tuesday . The stock traded as high as GBX 1,573 and last traded at GBX 1,568.13, with a volume of 389966 shares trading hands. The stock had previously closed at GBX 1,558.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on HSX shares. Jefferies Financial Group increased their price objective on shares of Hiscox from GBX 1,068 to GBX 1,148 and gave the company an “underperform” rating in a research report on Thursday, March 5th. The Goldman Sachs Group increased their price objective on shares of Hiscox from GBX 1,560 to GBX 1,713 and gave the company a “buy” rating in a research report on Wednesday, January 21st. Four investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 1,466.83.

Hiscox Stock Performance

The company’s fifty day moving average price is GBX 1,500.73 and its 200-day moving average price is GBX 1,424.21. The stock has a market cap of £5.12 billion, a P/E ratio of 9.07, a price-to-earnings-growth ratio of -2.30 and a beta of 0.36.

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.