Shares of Hastings Group Hldg PLC (LON:HSTG) have been assigned a consensus rating of “Hold” from the eleven ratings firms that are presently covering the company. Three research analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is GBX 204.25 ($2.67).
HSTG has been the subject of a number of analyst reports. HSBC cut shares of Hastings Group Hldg PLC to a “reduce” rating and set a GBX 193 ($2.52) price objective for the company. in a research note on Thursday, September 8th. Peel Hunt boosted their target price on shares of Hastings Group Hldg PLC from GBX 210 ($2.74) to GBX 240 ($3.13) and gave the stock a “buy” rating in a research report on Tuesday, August 23rd. Barclays PLC reaffirmed an “overweight” rating on shares of Hastings Group Hldg PLC in a research report on Thursday, September 22nd. Berenberg Bank reaffirmed a “buy” rating and set a GBX 234 ($3.05) target price on shares of Hastings Group Hldg PLC in a research report on Friday, September 16th. Finally, JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a GBX 240 ($3.13) target price on shares of Hastings Group Hldg PLC in a research report on Friday, August 12th.
Shares of Hastings Group Hldg PLC (LON:HSTG) opened at 214.60 on Wednesday. The company’s market capitalization is GBX 1.41 billion. Hastings Group Hldg PLC has a 12 month low of GBX 143.24 and a 12 month high of GBX 240.70. The company has a 50-day moving average of GBX 221.69 and a 200 day moving average of GBX 192.26.
The firm also recently declared a dividend, which will be paid on Friday, November 4th. Shareholders of record on Thursday, October 6th will be issued a GBX 3.30 ($0.04) dividend. This represents a yield of 1.56%. The ex-dividend date is Thursday, October 6th. This is a positive change from Hastings Group Hldg PLC’s previous dividend of $2.20.
About Hastings Group Hldg PLC
Hastings Group Holdings plc, formerly Hastings Group Holdings Limited, is a holding company. The Company provides general insurance. Its segments include Underwriting, Retail and Corporate. The Underwriting segment includes underwriting business based in Gibraltar. The Underwriting segment includes its subsidiaries, Advantage Insurance Company Limited (AICL), which is engaged in underwriting general insurance, primarily private car insurance in the United Kingdom, and Conquest House Limited, which owns property utilized by the Company.
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