Hastings Group Hldg PLC (HSTG) Receives “Underperform” Rating from Macquarie
Hastings Group Hldg PLC (LON:HSTG)‘s stock had its “underperform” rating reaffirmed by investment analysts at Macquarie in a research note issued to investors on Wednesday. They currently have a GBX 163 ($2.02) target price on the stock. Macquarie’s price target would suggest a potential downside of 24.22% from the company’s previous close.
Several other research firms have also recently commented on HSTG. Barclays PLC reissued an “overweight” rating on shares of Hastings Group Hldg PLC in a research note on Thursday, September 22nd. HSBC cut Hastings Group Hldg PLC to a “reduce” rating and set a GBX 193 ($2.39) price objective for the company. in a research report on Thursday, September 8th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 234 ($2.90) price objective on shares of Hastings Group Hldg PLC in a research report on Friday, September 16th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a GBX 245 ($3.04) price objective on shares of Hastings Group Hldg PLC in a research report on Tuesday, November 8th. Finally, Peel Hunt reaffirmed a “buy” rating and set a GBX 240 ($2.98) price objective on shares of Hastings Group Hldg PLC in a research report on Wednesday, November 2nd. Three analysts have rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the company. Hastings Group Hldg PLC currently has an average rating of “Hold” and an average target price of GBX 210.22 ($2.61).
Hastings Group Hldg PLC (LON:HSTG) opened at 214.00 on Wednesday. The stock’s 50 day moving average price is GBX 214.11 and its 200-day moving average price is GBX 202.82. The company’s market cap is GBX 1.41 billion. Hastings Group Hldg PLC has a 52-week low of GBX 143.24 and a 52-week high of GBX 240.70.
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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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