Hiscox (LON:HSX) Shares Cross Above 200-Day Moving Average – Should You Sell?

Hiscox Ltd (LON:HSX) crossed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of GBX 1,782.65 and traded as high as GBX 1,852. Hiscox shares last traded at GBX 1,849, with a volume of 419,010 shares.

Analyst Ratings Changes

A number of analysts recently issued reports on HSX shares. Citigroup upped their target price on Hiscox from GBX 1,611 to GBX 1,846 and gave the company a “neutral” rating in a research report on Thursday, August 6th. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 2,150 price objective on shares of Hiscox in a report on Monday, August 24th. Peel Hunt reiterated an “add” rating and set a GBX 1,960 target price on shares of Hiscox in a research report on Wednesday, August 5th. Royal Bank Of Canada reissued an “outperform” rating and issued a GBX 2,000 price target on shares of Hiscox in a report on Thursday, August 6th. Finally, JPMorgan Chase & Co. lifted 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. Five investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of GBX 1,838.14.

Hiscox Stock Performance

The business has a 50-day moving average of GBX 1,856.67 and a 200 day moving average of GBX 1,784.68. The stock has a market cap of £5.73 billion, a PE ratio of 9.56, a PEG 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.