Hiscox (LON:HSX) Reaches New 52-Week Low – Should You Sell?

Hiscox Ltd (LON:HSX)’s share price reached a new 52-week low during trading on Friday . The stock traded as low as GBX 1,184 and last traded at GBX 1,811, with a volume of 899536 shares changing hands. The stock had previously closed at GBX 1,816.

Wall Street Analyst Weigh In

HSX has been the topic of several research reports. Berenberg Bank boosted their target price on Hiscox from GBX 1,760 to GBX 1,900 and gave the company a “buy” rating in a research note on Friday, May 8th. Jefferies Financial Group reiterated an “underperform” rating and set a GBX 1,148 price target on shares of Hiscox in a research note on Thursday, May 7th. Royal Bank Of Canada restated an “outperform” rating and issued a GBX 1,850 price objective on shares of Hiscox in a research note on Wednesday, June 24th. Peel Hunt reaffirmed an “add” rating and set a GBX 1,960 price objective on shares of Hiscox in a report on Thursday, May 28th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Hiscox from GBX 1,800 to GBX 2,050 and gave the company an “overweight” rating in a report on Friday, July 10th. Five research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Hiscox has a consensus rating of “Moderate Buy” and an average target price of GBX 1,770.17.

Hiscox Price Performance

The stock has a market capitalization of £5.80 billion, a P/E ratio of 10.32, a price-to-earnings-growth ratio of -2.30 and a beta of 0.40. The stock has a fifty day moving average price of GBX 1,811.79 and a 200 day moving average price of GBX 1,633.60.

Hiscox Company Profile

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.