Analysts Set Hastings Group Hldg PLC (HSTG) Price Target at $302.70
Hastings Group Hldg PLC (LON:HSTG) has been given a consensus recommendation of “Hold” by the twelve brokerages that are currently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is GBX 317.89 ($4.23).
HSTG has been the subject of several recent analyst reports. Peel Hunt reiterated an “add” rating and set a GBX 355 ($4.73) price objective on shares of Hastings Group in a research note on Monday, April 16th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a GBX 350 ($4.66) price objective on shares of Hastings Group in a research note on Monday, March 5th. BNP Paribas reduced their price objective on shares of Hastings Group from GBX 350 ($4.66) to GBX 265 ($3.53) and set an “underperform” rating for the company in a research note on Thursday, April 5th. HSBC upgraded shares of Hastings Group to a “hold” rating in a research note on Wednesday, May 9th. Finally, Numis Securities initiated coverage on shares of Hastings Group in a research note on Thursday, April 26th. They set an “add” rating and a GBX 295 ($3.93) price objective for the company.
Shares of LON HSTG traded down GBX 3.60 ($0.05) during trading hours on Friday, hitting GBX 254.80 ($3.39). 602,516 shares of the stock were exchanged, compared to its average volume of 1,190,000. Hastings Group has a 12 month low of GBX 244 ($3.25) and a 12 month high of GBX 336.70 ($4.48).
Hastings Group Company Profile
Hastings Group Holdings plc, together with its subsidiaries, provides general insurance products in the United Kingdom. The company operates in two segments, Underwriting and Retail. It is involved in the underwriting and brokerage of car, van, bike, and home insurance under various brands, including Hastings Direct, Hastings PREMIER, Hastings ESSENTIAL, Hastings Direct SmartMiles, InsurePink, and People's Choice.
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