Hiscox (LON:HSX) Shares Cross Above 200-Day Moving Average - Time to Sell?

Key Points

• Hiscox crossed above its 200-day moving average
• Analysts are mostly bullish (five Buys, one Hold) with a MarketBeat consensus of Moderate Buy and a consensus target of GBX 1,453.50, while Goldman Sachs and JPMorgan recently raised targets to GBX 1,713 and GBX 1,500 respectively.
• The stock appears attractively valued and low-volatility with a PE of 8.70, market cap of about £4.81 billion and a beta of 0.35.

Hiscox Ltd (LON:HSX - Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 1,387.83 and traded as high as GBX 1,495. Hiscox shares last traded at GBX 1,483.69, with a volume of 3,259,927 shares traded.

Analyst Ratings Changes

A number of research analysts have weighed in on HSX shares. The Goldman Sachs Group boosted their target price on shares of Hiscox from GBX 1,560 to GBX 1,713 and gave the company a "buy" rating in a research note on Wednesday, January 21st. JPMorgan Chase & Co. increased their price objective on 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 Hiscox to a "buy" rating and lowered their target price for the company from GBX 1,500 to GBX 1,068 in a research note on Wednesday, November 12th. Finally, Berenberg Bank reiterated a "buy" rating and set a GBX 1,580 price target on shares of Hiscox in a research note on Thursday, November 6th. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, Hiscox has an average rating of "Moderate Buy" and a consensus target price of GBX 1,453.50.

Hiscox Stock Down 0.1%

The firm has a 50-day simple moving average of GBX 1,460.86 and a 200-day simple moving average of GBX 1,387.83. The stock has a market cap of £4.81 billion, a PE ratio of 8.70, a P/E/G ratio of -2.30 and a beta of 0.35.

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.

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