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 changing hands.

Analysts Set New Price Targets

Several research firms have recently weighed in on HSX. Berenberg Bank upped their price target on shares of Hiscox from GBX 1,760 to GBX 1,900 and gave the stock a “buy” rating in a report on Friday, May 8th. JPMorgan Chase & Co. upped their price target on shares of Hiscox from GBX 1,600 to GBX 1,800 and gave the stock an “overweight” rating in a report on Tuesday, May 5th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a GBX 1,850 price target on shares of Hiscox in a report on Monday, May 18th. Jefferies Financial Group reaffirmed an “underperform” rating and issued a GBX 1,148 price target on shares of Hiscox in a report on Thursday, May 7th. Finally, Peel Hunt reaffirmed an “add” rating and issued a GBX 1,960 price target on shares of Hiscox in a report on Thursday, May 28th. Five investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of GBX 1,728.50.

Hiscox Stock Up 0.7%

The firm’s 50-day moving average is GBX 1,666.91 and its 200-day moving average is GBX 1,522.40. The company has a market capitalization of £5.65 billion, a PE ratio of 10.06, a price-to-earnings-growth ratio of -2.30 and a beta of 0.40.

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.