Hastings Group (HSTG) Given “Under Review” Rating at Shore Capital
Other equities analysts also recently issued reports about the stock. Berenberg Bank dropped their price objective 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 research note on Wednesday, July 25th. Barclays dropped their price objective 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 reiterated an add rating and set a GBX 300 ($3.92) price objective on shares of Hastings Group in a research note on Wednesday, August 15th. Numis Securities reiterated an add rating on shares of Hastings Group in a research note on Wednesday, August 8th. Finally, JPMorgan Chase & Co. reiterated a neutral rating and set a GBX 315 ($4.12) price objective (down from GBX 335 ($4.38)) on shares of Hastings Group in a research note on Tuesday, July 3rd. One analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company’s stock. Hastings Group has an average rating of Hold and an average price target of GBX 282.30 ($3.69).
Shares of HSTG stock opened at GBX 187 ($2.44) on Thursday. Hastings Group has a one year low of GBX 244 ($3.19) and a one year high of GBX 336.70 ($4.40).
In other Hastings Group news, insider Richard Hoskins sold 250,000 shares of the firm’s stock in a transaction on 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 firm’s stock in a transaction on Tuesday, September 18th. The stock was bought at an average cost of GBX 269 ($3.51) per share, with a total value of £348,451.84 ($455,314.05).
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.
Further Reading: Return on Equity (ROE)
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