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

Key Points

• Hiscox shares crossed above their 200‑day moving average (200‑day MA GBX 1,416.41), trading as high as GBX 1,565 and last at GBX 1,558 versus a 50‑day MA of GBX 1,496.83, a commonly watched bullish technical signal.
• Analyst coverage is mixed but leans positive: the consensus is a Moderate Buy (4 Buys, 1 Hold, 1 Sell) with an average target of GBX 1,466.83, while targets range from Jefferies' GBX 1,148 (Underperform) to Goldman Sachs' GBX 1,713 (Buy).
• On fundamentals, Hiscox has a market cap of £5.04bn and a low P/E of 8.90 (PEG -2.30), indicating potentially attractive valuation despite divergent analyst views.

Hiscox Ltd (LON:HSX - Get Free Report)'s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 1,416.41 and traded as high as GBX 1,565. Hiscox shares last traded at GBX 1,558, with a volume of 260,668,031 shares.

Analyst Upgrades and Downgrades

HSX has been the topic of a number of analyst reports. Jefferies Financial Group increased their target price on shares of Hiscox from GBX 1,068 to GBX 1,148 and gave the stock an "underperform" rating in a research report on Thursday, March 5th. The Goldman Sachs Group lifted their price target on shares of Hiscox from GBX 1,560 to GBX 1,713 and gave the company a "buy" rating in a research report on Wednesday, January 21st. Four research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of GBX 1,466.83.

Hiscox Price Performance

The stock has a market cap of £5.04 billion, a P/E ratio of 8.90, a PEG ratio of -2.30 and a beta of 0.37. The business's fifty day moving average price is GBX 1,496.83 and its 200 day moving average price is GBX 1,416.41.

About Hiscox

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.

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