Hiscox (LON:HSX) Stock Crosses Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• Hiscox Ltd has crossed above its 200-day moving average, trading at GBX 1,308 ($17.58), signaling potential upward momentum.
• Analysts have issued varying ratings, with Peel Hunt maintaining a "buy" rating and a target price of GBX 1,460, while Royal Bank Of Canada raised their target to GBX 1,300.
• The company's current market capitalization stands at £5.64 billion, with a P/E ratio of 8.03, suggesting a relatively low valuation compared to earnings.

Hiscox Ltd (LON:HSX - Get Free Report)'s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 1,170.58 ($15.64) and traded as high as GBX 1,312 ($17.53). Hiscox shares last traded at GBX 1,308 ($17.47), with a volume of 555,624 shares traded.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on HSX shares. Berenberg Bank restated a "buy" rating and issued a GBX 1,450 ($19.37) price target on shares of Hiscox in a research report on Friday. Peel Hunt restated a "buy" rating and set a GBX 1,460 ($19.51) price target on shares of Hiscox in a research report on Thursday, July 3rd. Finally, Royal Bank Of Canada raised their price target on Hiscox from GBX 1,125 ($15.03) to GBX 1,300 ($17.37) and gave the company a "sector perform" rating in a report on Friday, July 18th.

Hiscox Trading Up 0.9%

The firm has a market cap of £5.61 billion, a P/E ratio of 8.00, a price-to-earnings-growth ratio of -2.30 and a beta of 0.65. The business has a 50-day moving average of GBX 1,271.16 and a two-hundred day moving average of GBX 1,173.60.

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.