Hastings Group (HSTG) Rating Reiterated by UBS Group
UBS Group reaffirmed their neutral rating on shares of Hastings Group (LON:HSTG) in a report issued on Monday, investing.thisismoney.co.uk reports. They currently have a GBX 245 ($3.20) price objective on the stock, down from their prior price objective of GBX 257 ($3.36).
Several other research firms also recently weighed in on HSTG. Barclays boosted their price target on shares of Hastings Group from GBX 267 ($3.49) to GBX 272 ($3.55) and gave the stock an equal weight rating in a research note on Friday, September 7th. Peel Hunt reissued an add rating on shares of Hastings Group in a research note on Tuesday, October 2nd. JPMorgan Chase & Co. lowered their price target on shares of Hastings Group from GBX 315 ($4.12) to GBX 285 ($3.72) and set a neutral rating for the company in a research note on Friday, October 5th. Shore Capital reissued an under review rating on shares of Hastings Group in a research note on Wednesday, August 8th. Finally, Numis Securities reissued an add rating on shares of Hastings Group in a research note on Wednesday, August 8th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of Hold and an average target price of GBX 291.70 ($3.81).
Hastings Group stock opened at GBX 231.80 ($3.03) on Monday. Hastings Group has a twelve month low of GBX 244 ($3.19) and a twelve month high of GBX 336.70 ($4.40).
In other news, insider Toby van der Meer acquired 129,536 shares of the stock in a transaction dated Tuesday, September 18th. The stock was purchased at an average cost of GBX 269 ($3.51) per share, with a total value of £348,451.84 ($455,314.05). Also, insider Richard Hoskins sold 250,000 shares of the company’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 transaction of £612,500 ($800,339.74).
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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