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

Shares of Hiscox Ltd (LON:HSX) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 1,522.40 and traded as high as GBX 1,770. Hiscox shares last traded at GBX 1,761, with a volume of 776,830 shares trading hands.

Analysts Set New Price Targets

HSX has been the subject of a number of analyst reports. Berenberg Bank lifted their price target on Hiscox from GBX 1,760 to GBX 1,900 and gave the company a “buy” rating in a research note on Friday, May 8th. Jefferies Financial Group restated an “underperform” rating and issued a GBX 1,148 target price on shares of Hiscox in a research note on Thursday, May 7th. Royal Bank Of Canada restated an “outperform” rating and issued a GBX 1,850 target price on shares of Hiscox in a research note on Monday, May 18th. JPMorgan Chase & Co. boosted their target price on Hiscox from GBX 1,600 to GBX 1,800 and gave the stock an “overweight” rating in a research note on Tuesday, May 5th. Finally, Peel Hunt restated an “add” rating and issued a GBX 1,960 target price on shares of Hiscox in a research note on Thursday, May 28th. Five equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Hiscox currently has a consensus rating of “Moderate Buy” and an average target price of GBX 1,728.50.

Hiscox Trading Up 0.7%

The company has a market cap of £5.65 billion, a P/E ratio of 10.06, a PEG ratio of -2.30 and a beta of 0.40. The business’s fifty day moving average is GBX 1,666.91 and its 200 day moving average is GBX 1,522.40.

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.