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

Hiscox Ltd (LON:HSX)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 1,416.41 and traded as high as GBX 1,565. Hiscox shares last traded at GBX 1,558, with a volume of 260,668,031 shares.

Analyst Upgrades and Downgrades

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

Hiscox Stock Performance

The stock has a market capitalization of £5.04 billion, a P/E ratio of 8.90, a price-to-earnings-growth ratio of -2.30 and a beta of 0.37. The stock’s fifty day simple moving average is GBX 1,496.83 and its two-hundred day simple moving average is GBX 1,416.41.

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.