Hiscox Ltd 38% Potential Upside Indicated by Morgan Stanley

Hiscox Ltd using EPIC/TICKER code LON:HSX had its stock rating noted as ‘Reiteration’ with the recommendation being set at ‘OVERWEIGHT’ this morning by analysts at Morgan Stanley. Hiscox Ltd are listed in the Financials sector within International Main Market. Morgan Stanley have set their target price at 1450 GBX on its stock. This would imply the analyst believes there is now a potential upside of 38% from the opening price of 1051 GBX. Over the last 30 and 90 trading days the company share price has increased 95 points and increased 331 points respectively.
Hiscox Ltd LON:HSX has a 50 day moving average of 960.42 GBX and a 200 Day Moving Average share price is recorded at 885.82The 52 week high share price is 1449 GBX while the 52 week low for the stock is 635.4 GBX. There are currently 346,382,214 shares in issue with the average daily volume traded being 896,075. Market capitalisation for LON:HSX is £3,571,200,626 GBP.