Hastings Group Hldg PLC (HSTG) Coverage Initiated by Analysts at BNP Paribas
BNP Paribas began coverage on shares of Hastings Group Hldg PLC (LON:HSTG) in a research report report published on Friday morning. The brokerage issued a neutral rating and a GBX 350 ($4.54) price target on the stock.
Other research analysts have also recently issued reports about the stock. Shore Capital reissued a sell rating on shares of Hastings Group Hldg PLC in a report on Friday, April 28th. J P Morgan Chase & Co reissued a neutral rating and issued a GBX 290 ($3.76) price target on shares of Hastings Group Hldg PLC in a report on Tuesday, May 2nd. Beaufort Securities reissued a buy rating on shares of Hastings Group Hldg PLC in a report on Tuesday, May 2nd. Peel Hunt reissued a buy rating and issued a GBX 240 ($3.12) price target on shares of Hastings Group Hldg PLC in a report on Wednesday, May 3rd. Finally, Goldman Sachs Group, Inc. (The) increased their price target on shares of Hastings Group Hldg PLC from GBX 253 ($3.28) to GBX 298 ($3.87) and gave the company a neutral rating in a report on Monday, May 8th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus price target of GBX 291.70 ($3.79).
Shares of Hastings Group Hldg PLC (HSTG) traded up 0.22% during midday trading on Friday, hitting GBX 320.40. The stock had a trading volume of 286,131 shares. Hastings Group Hldg PLC has a 1-year low of GBX 202.43 and a 1-year high of GBX 336.70. The firm has a 50-day moving average price of GBX 315.16 and a 200-day moving average price of GBX 290.22. The firm’s market cap is GBX 2.11 billion.
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The firm also recently announced a dividend, which will be paid on Friday, November 10th. Stockholders of record on Thursday, October 5th will be issued a dividend of GBX 4.10 ($0.05) per share. The ex-dividend date is Thursday, October 5th. This represents a dividend yield of 1.28%.
In other news, insider Richard Mark Brewster sold 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 31st. The shares were sold at an average price of GBX 317 ($4.12), for a total transaction of £158,500 ($205,763.99). Also, insider Richard Hoskins bought 811,165 shares of the stock in a transaction dated Monday, June 12th. The shares were acquired at an average cost of GBX 319 ($4.14) per share, for a total transaction of £2,587,616.35 ($3,359,231.92).
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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