Hiscox (LON:HSX) Stock Passes 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 Monday . The stock has a 200-day moving average of GBX 1,320.07 and traded as high as GBX 1,391. Hiscox shares last traded at GBX 1,389, with a volume of 1,615,741 shares trading hands.

Analyst Upgrades and Downgrades

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

Hiscox Price Performance

The business’s 50-day moving average price is GBX 1,358.08 and its two-hundred day moving average price is GBX 1,321.72. The firm has a market cap of £4.63 billion, a price-to-earnings ratio of 8.30, a P/E/G ratio of -2.30 and a beta of 0.65.

Hiscox Company Profile

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.