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

Hiscox Ltd (LON:HSX) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 1,407.35 and traded as high as GBX 1,537. Hiscox shares last traded at GBX 1,534, with a volume of 49,858,980 shares.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. The Goldman Sachs Group lifted their target price on shares of Hiscox from GBX 1,560 to GBX 1,713 and gave the stock a “buy” rating in a research note on Wednesday, January 21st. Jefferies Financial Group increased their price target on Hiscox from GBX 1,068 to GBX 1,148 and gave the stock an “underperform” rating in a report on Thursday, March 5th. Four investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of GBX 1,466.83.

Hiscox Price Performance

The stock has a market cap of £4.96 billion, a price-to-earnings ratio of 8.77, a P/E/G ratio of -2.30 and a beta of 0.37. The company’s fifty day simple moving average is GBX 1,489.07 and its two-hundred day simple moving average is GBX 1,407.35.

Hiscox Company Profile

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.