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

Hiscox Ltd (LON:HSX)’s stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 1,370.07 and traded as high as GBX 1,459. Hiscox shares last traded at GBX 1,437, with a volume of 1,318,738 shares.

Analyst Upgrades and Downgrades

HSX has been the subject of a number of research analyst reports. JPMorgan Chase & Co. upped their price target on shares of Hiscox from GBX 1,400 to GBX 1,500 and gave the company an “overweight” rating in a report on Thursday, November 6th. Jefferies Financial Group upgraded shares of Hiscox to a “buy” rating and dropped their target price for the stock from GBX 1,500 to GBX 1,068 in a report on Wednesday, November 12th. The Goldman Sachs Group raised their target price 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. Finally, Berenberg Bank restated a “buy” rating and issued a GBX 1,580 price target on shares of Hiscox in a research report on Thursday, November 6th. Five investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Hiscox presently has an average rating of “Moderate Buy” and a consensus target price of GBX 1,453.50.

Hiscox Price Performance

The firm has a market cap of £4.69 billion, a price-to-earnings ratio of 8.48, a price-to-earnings-growth ratio of -2.30 and a beta of 0.65. The stock’s fifty day moving average price is GBX 1,428.89 and its 200-day moving average price is GBX 1,370.07.

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.