Hastings Group Hldg PLC (HSTG) Stock Rating Reaffirmed by Peel Hunt
Hastings Group Hldg PLC (LON:HSTG)‘s stock had its “add” rating reiterated by stock analysts at Peel Hunt in a note issued to investors on Monday. They currently have a GBX 340 ($4.44) price target on the stock. Peel Hunt’s price objective indicates a potential upside of 10.75% from the company’s current price.
Several other equities analysts have also recently weighed in on HSTG. Credit Suisse Group reiterated an “outperform” rating and issued a GBX 290 ($3.79) price objective on shares of Hastings Group Hldg PLC in a research note on Tuesday, March 21st. Royal Bank Of Canada increased their price objective on shares of Hastings Group Hldg PLC from GBX 240 ($3.13) to GBX 260 ($3.40) and gave the stock a “sector perform” rating in a research note on Thursday, March 30th. J P Morgan Chase & Co cut shares of Hastings Group Hldg PLC to a “neutral” rating and increased their price objective for the stock from GBX 260 ($3.40) to GBX 290 ($3.79) in a research note on Friday, March 31st. Barclays PLC cut shares of Hastings Group Hldg PLC to an “equal weight” rating and increased their price objective for the stock from GBX 247 ($3.23) to GBX 276 ($3.60) in a research note on Tuesday, April 18th. Finally, Berenberg Bank increased their target price on shares of Hastings Group Hldg PLC from GBX 253 ($3.30) to GBX 315 ($4.11) and gave the stock a “buy” rating in a report on Friday, April 21st. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of GBX 282.44 ($3.69).
Hastings Group Hldg PLC (HSTG) opened at 307.00 on Monday. Hastings Group Hldg PLC has a 52 week low of GBX 182.50 and a 52 week high of GBX 333.70. The company’s 50-day moving average is GBX 312.92 and its 200 day moving average is GBX 266.93. The stock’s market cap is GBX 2.02 billion.
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In related news, insider Richard Hoskins acquired 811,165 shares of the business’s stock in a transaction on Monday, June 12th. The stock was acquired at an average cost of GBX 319 ($4.17) per share, with a total value of £2,587,616.35 ($3,378,971.47). Also, insider Richard Mark Brewster sold 50,000 shares of the stock in a transaction that occurred on Wednesday, May 31st. The shares were sold at an average price of GBX 317 ($4.14), for a total transaction of £158,500 ($206,973.10).
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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