Hastings Group Hldg PLC (HSTG) Given Buy Rating at Peel Hunt
A number of other analysts also recently issued reports on the stock. Berenberg Bank restated a buy rating and set a GBX 234 ($2.90) price objective on shares of Hastings Group Hldg PLC in a report on Friday, September 16th. Macquarie restated an underperform rating and set a GBX 148 ($1.83) price objective on shares of Hastings Group Hldg PLC in a report on Wednesday, September 7th. Barclays PLC restated an overweight rating on shares of Hastings Group Hldg PLC in a report on Thursday, September 22nd. Shore Capital restated a sell rating on shares of Hastings Group Hldg PLC in a report on Thursday, August 11th. Finally, JPMorgan Chase & Co. restated an overweight rating and set a GBX 240 ($2.97) price objective on shares of Hastings Group Hldg PLC in a report on Thursday, July 28th. Three analysts have rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the company’s stock. The company presently has an average rating of Hold and an average target price of GBX 207.22 ($2.56).
Hastings Group Hldg PLC (LON:HSTG) traded up 1.23% during mid-day trading on Tuesday, hitting GBX 214.60. 163,020 shares of the stock traded hands. Hastings Group Hldg PLC has a 52 week low of GBX 143.24 and a 52 week high of GBX 240.70. The firm’s 50-day moving average price is GBX 221.53 and its 200-day moving average price is GBX 193.21. The firm’s market cap is GBX 1.41 billion.
The firm also recently disclosed a dividend, which will be paid on Friday, November 4th. Investors of record on Thursday, October 6th will be issued a GBX 3.30 ($0.04) dividend. The ex-dividend date of this dividend is Thursday, October 6th. This is a boost from Hastings Group Hldg PLC’s previous dividend of $2.20. This represents a yield of 1.56%.
Hastings Group Hldg PLC 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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