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

Shares of Hiscox Ltd (LON:HSX) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 1,355.43 and traded as high as GBX 1,529. Hiscox shares last traded at GBX 1,497, with a volume of 195,578,125 shares changing hands.

Wall Street Analysts Forecast Growth

HSX has been the topic of several research analyst reports. Berenberg Bank reissued a “buy” rating and issued a GBX 1,580 price objective on shares of Hiscox in a research report on Thursday, November 6th. The Goldman Sachs Group boosted their price target on shares of Hiscox from GBX 1,560 to GBX 1,713 and gave the stock a “buy” rating in a report on Wednesday, January 21st. Jefferies Financial Group upgraded shares of Hiscox to a “buy” rating and decreased their price objective for the stock from GBX 1,500 to GBX 1,068 in a report on Wednesday, November 12th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Hiscox from GBX 1,400 to GBX 1,500 and gave the company an “overweight” rating in a research note on Thursday, November 6th. Five investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, Hiscox currently has a consensus rating of “Moderate Buy” and an average price target of GBX 1,453.50.

Hiscox Stock Down 2.0%

The firm’s 50-day moving average price is GBX 1,395.78 and its 200-day moving average price is GBX 1,355.43. The company has a market cap of £4.86 billion, a P/E ratio of 8.78, a price-to-earnings-growth ratio of -2.30 and a beta of 0.65.

About Hiscox

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.