Hiscox (LON:HSX) Stock Price Passes Above 200-Day Moving Average – Should You Sell?

Hiscox Ltd (LON:HSX) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 1,325.18 and traded as high as GBX 1,438. Hiscox shares last traded at GBX 1,426, with a volume of 1,529,663 shares changing hands.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 1,580 price target on shares of Hiscox in a research note on Thursday, November 6th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a GBX 1,400 target price on shares of Hiscox in a research note on Tuesday, September 2nd. Jefferies Financial Group raised shares of Hiscox to a “buy” rating and dropped their price target for the company from GBX 1,500 to GBX 1,068 in a research report on Wednesday, November 12th. Finally, JPMorgan Chase & Co. raised their price target on shares of Hiscox from GBX 1,400 to GBX 1,500 and gave the stock an “overweight” rating in a report on Thursday, November 6th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Hiscox presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 1,401.60.

Hiscox Stock Up 0.3%

The business has a fifty day moving average of GBX 1,360 and a 200 day moving average of GBX 1,325.18. The company has a market cap of £4.68 billion, a P/E ratio of 8.39, a P/E/G ratio of -2.30 and a beta of 0.65.

About Hiscox

Hiscox Ltd, through its subsidiaries, provides insurance and reinsurance services in the United Kingdom, Europe, the United States, and internationally. The company operates through four segments: Hiscox Retail, Hiscox London Market, Hiscox Re & ILS, and Corporate Centre. It offers commercial insurance for small-and medium-sized businesses; and personal lines cover, including high-value household, fine art, and luxury motor, as well as artwork, antiques, classic cars, jewelry, collectables, and other assets through brokers, partners, and direct-to-consumers.