Hiscox (LON:HSX) Share Price Crosses Above 200 Day Moving Average – Should You Sell?

Hiscox Ltd (LON:HSX) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 1,572.01 and traded as high as GBX 1,858. Hiscox shares last traded at GBX 1,851, with a volume of 774,854 shares changing hands.

Wall Street Analyst Weigh In

HSX has been the topic of several analyst reports. JPMorgan Chase & Co. upped their price objective on Hiscox from GBX 1,600 to GBX 1,800 and gave the company an “overweight” rating in a research note on Tuesday, May 5th. Peel Hunt reaffirmed an “add” rating and issued a GBX 1,960 price target on shares of Hiscox in a research note on Thursday, May 28th. Jefferies Financial Group reiterated an “underperform” rating and set a GBX 1,148 price objective on shares of Hiscox in a research note on Thursday, May 7th. Royal Bank Of Canada restated an “outperform” rating and issued a GBX 1,850 target price on shares of Hiscox in a research note on Wednesday, June 24th. Finally, Berenberg Bank upped their target price on shares of Hiscox from GBX 1,760 to GBX 1,900 and gave the stock a “buy” rating in a report on Friday, May 8th. Five investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Hiscox presently has an average rating of “Moderate Buy” and an average target price of GBX 1,728.50.

Hiscox Price Performance

The stock’s 50 day simple moving average is GBX 1,736.88 and its two-hundred day simple moving average is GBX 1,573.98. The company has a market capitalization of £5.94 billion, a P/E ratio of 10.59, a P/E/G ratio of -2.30 and a beta of 0.40.

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.