Hastings Group (HSTG) PT Raised to GBX 272 at Barclays
Hastings Group (LON:HSTG) had its price target upped by Barclays from GBX 267 ($3.44) to GBX 272 ($3.51) in a research report issued on Friday. The brokerage currently has an “equal weight” rating on the stock. Barclays’ price target suggests a potential upside of 0.74% from the company’s current price.
Other equities analysts also recently issued research reports about the company. Berenberg Bank reduced their price objective on Hastings Group from GBX 334 ($4.31) to GBX 310 ($4.00) and set a “buy” rating on the stock in a research report on Wednesday, July 25th. Peel Hunt reiterated an “add” rating and set a GBX 300 ($3.87) price objective on shares of Hastings Group in a research report on Wednesday, August 15th. Shore Capital reiterated an “under review” rating on shares of Hastings Group in a research report on Wednesday, August 8th. Numis Securities reiterated an “add” rating on shares of Hastings Group in a research report on Wednesday, August 8th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and set a GBX 315 ($4.06) price objective (down previously from GBX 335 ($4.32)) on shares of Hastings Group in a research report on Tuesday, July 3rd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of GBX 301.70 ($3.89).
Shares of Hastings Group stock opened at GBX 270 ($3.48) on Friday. Hastings Group has a one year low of GBX 244 ($3.15) and a one year high of GBX 336.70 ($4.34).
About Hastings Group
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.
Further Reading: Moving Average (MA)
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