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Home / Support and Resistance / Hiscox Ltd (HSX.L) 04-03-20

This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.

Hiscox Ltd (HSX.L) 04-03-20

Will the Hiscox Ltd (HSX.L) share price break beneath the 1235p support zone, or will we see a return to highs of 1660p (+34%)?

 

  • Currently trading close to the key 1235p support at 1236p (at time of writing).
  • The support has proven reliable until now. Will the price rebound again?
  • As always, traders should be mindful of stop-loss placement.
  • Will the shares bounce again to recent highs at 1660p? (+34%).
  • Shares -30% from 12-month highs; +1% from 12 month lows.

Latest News

03 Mar:  Jefferies International reiterates its hold rating on Hiscox Ltd (HSX) and increased the target price to 1325p (from 1229p).

03 Mar:  UBS reiterates its neutral rating on Hiscox Ltd (HSX) and reduced the target price to 1375p (from 1410p).

03 Mar:  Morgan Stanley reiterates its overweight rating on Hiscox Ltd (HSX) and reduced the target price to 1480p (from 1545p).

 

02 Mar:  Hiscox, the insurance group, posted a decline in pre-tax profits as natural disasters including storms within the US, Caribbean and Japan gave rise to more claims.

Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires

 

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