Hiscox (LON:HSX) Stock Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Hiscox Ltd (LON:HSX) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 1,633.60 and traded as high as GBX 1,834. Hiscox shares last traded at GBX 1,816, with a volume of 803,878 shares.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on HSX. JPMorgan Chase & Co. boosted their price target on Hiscox from GBX 1,800 to GBX 2,050 and gave the company an “overweight” rating in a research note on Friday, July 10th. Berenberg Bank increased their price objective on Hiscox from GBX 1,760 to GBX 1,900 and gave the stock a “buy” rating in a research report on Friday, May 8th. Royal Bank Of Canada reissued an “outperform” rating and set a GBX 1,850 target price on shares of Hiscox in a report on Wednesday, June 24th. Peel Hunt reissued an “add” rating and issued a GBX 1,960 target price on shares of Hiscox in a research report on Thursday, May 28th. Finally, Jefferies Financial Group restated an “underperform” rating and issued a GBX 1,148 price target on shares of Hiscox in a research note on Thursday, May 7th. Five research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of GBX 1,770.17.

Hiscox Stock Down 0.4%

The firm has a market capitalization of £5.80 billion, a P/E ratio of 10.34, a PEG ratio of -2.30 and a beta of 0.40. The firm has a 50 day moving average of GBX 1,811.65 and a 200-day moving average of GBX 1,634.82.

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.