Hastings Group (LON:HSTG)‘s stock had its “add” rating reaffirmed by stock analysts at Peel Hunt in a report released on Friday. They presently have a GBX 355 ($4.90) target price on the stock. Peel Hunt’s price objective would indicate a potential upside of 30.04% from the stock’s current price.
Several other equities research analysts have also recently weighed in on the company. JPMorgan Chase & Co. restated an “overweight” rating on shares of Hastings Group in a research note on Thursday, November 16th. Berenberg Bank upped their target price on Hastings Group from GBX 315 ($4.35) to GBX 341 ($4.71) and gave the stock a “buy” rating in a research note on Wednesday, February 14th. Barclays restated an “equal weight” rating and set a GBX 336 ($4.64) target price on shares of Hastings Group in a research note on Monday, December 11th. Finally, HSBC upped their target price on Hastings Group from GBX 230 ($3.18) to GBX 260 ($3.59) and gave the stock a “reduce” rating in a research note on Thursday, November 23rd. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company’s stock. Hastings Group presently has a consensus rating of “Hold” and an average target price of GBX 301.09 ($4.16).
Shares of Hastings Group (LON:HSTG) opened at GBX 273 ($3.77) on Friday. The stock has a market capitalization of $1,800.00 and a P/E ratio of 1,436.84. Hastings Group has a 12 month low of GBX 235.40 ($3.25) and a 12 month high of GBX 336.70 ($4.65).
In other news, insider Gary Hoffman sold 403,671 shares of the stock in a transaction on Thursday, January 25th. The stock was sold at an average price of GBX 303 ($4.19), for a total value of £1,223,123.13 ($1,689,863.40).
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Hastings Group Company Profile
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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