Hastings Group (LON:HSTG) was upgraded by research analysts at BNP Paribas to a “neutral” rating in a research report issued on Monday. The firm presently has a GBX 220 ($2.87) price objective on the stock, down from their previous price objective of GBX 245 ($3.20). BNP Paribas’ price objective indicates a potential upside of 17.15% from the company’s previous close.

A number of other research analysts have also recently issued reports on HSTG. Numis Securities reiterated an “add” rating on shares of Hastings Group in a research note on Wednesday, August 8th. Barclays cut their target price on shares of Hastings Group from GBX 270 ($3.53) to GBX 267 ($3.49) and set an “equal weight” rating for the company in a research note on Thursday, August 9th. Berenberg Bank cut their target price on shares of Hastings Group from GBX 310 ($4.05) to GBX 265 ($3.46) and set a “buy” rating for the company in a research note on Thursday. Peel Hunt reiterated an “add” rating on shares of Hastings Group in a research note on Wednesday, August 8th. Finally, Shore Capital reiterated an “under review” rating on shares of Hastings Group in a research note on Thursday, October 25th. Eight research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of GBX 250.79 ($3.28).

LON:HSTG opened at GBX 187.80 ($2.45) on Monday. Hastings Group has a 1 year low of GBX 244 ($3.19) and a 1 year high of GBX 336.70 ($4.40).

In related news, insider Toby van der Meer acquired 129,536 shares of the company’s stock in a transaction that occurred on 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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Analyst Recommendations for Hastings Group (LON:HSTG)

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