UBS Group Reaffirms Neutral Rating for Hastings Group (HSTG)
UBS Group reiterated their neutral rating on shares of Hastings Group (LON:HSTG) in a research report report published on Tuesday morning, www.digitallook.com reports. The brokerage currently has a GBX 257 ($3.36) price objective on the stock.
Several other research analysts also recently commented on HSTG. Numis Securities reaffirmed an add rating on shares of Hastings Group in a research note on Wednesday, August 8th. Barclays reduced their price target on shares of Hastings Group from GBX 270 ($3.53) to GBX 267 ($3.49) and set an equal weight rating on the stock in a research note on Thursday, August 9th. Peel Hunt reaffirmed an add rating on shares of Hastings Group in a research note on Wednesday, August 8th. JPMorgan Chase & Co. dropped their target price on shares of Hastings Group from GBX 315 ($4.12) to GBX 285 ($3.72) and set a neutral rating on the stock in a report on Friday, October 5th. Finally, Berenberg Bank dropped their target price on shares of Hastings Group from GBX 334 ($4.36) to GBX 310 ($4.05) and set a buy rating on the stock in a report on Wednesday, July 25th. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of Hold and a consensus price target of GBX 292.90 ($3.83).
HSTG stock opened at GBX 233.80 ($3.06) on Tuesday. Hastings Group has a 12 month low of GBX 244 ($3.19) and a 12 month high of GBX 336.70 ($4.40).
In other news, insider Richard Hoskins sold 250,000 shares of the firm’s stock in a transaction dated Wednesday, August 8th. The shares were sold at an average price of GBX 245 ($3.20), for a total value of £612,500 ($800,339.74). Also, insider Toby van der Meer purchased 129,536 shares of the stock in a transaction dated Tuesday, September 18th. The stock was purchased at an average price of GBX 269 ($3.51) per share, for a total transaction of £348,451.84 ($455,314.05).
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.
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