Shore Capital Reaffirms “Sell” Rating for Hastings Group Hldg PLC (HSTG)
A number of other brokerages have also commented on HSTG. Credit Suisse Group raised their price target on Hastings Group Hldg PLC from GBX 330 ($4.28) to GBX 350 ($4.54) and gave the company an outperform rating in a report on Wednesday, July 12th. Goldman Sachs Group, Inc. (The) reissued a neutral rating and set a GBX 298 ($3.87) price target on shares of Hastings Group Hldg PLC in a report on Tuesday, May 30th. Peel Hunt reissued an add rating on shares of Hastings Group Hldg PLC in a report on Friday, June 9th. Beaufort Securities reissued a buy rating on shares of Hastings Group Hldg PLC in a report on Tuesday, May 2nd. Finally, J P Morgan Chase & Co raised their price target on Hastings Group Hldg PLC from GBX 290 ($3.76) to GBX 315 ($4.09) and gave the company a neutral rating in a report on Thursday, July 20th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. Hastings Group Hldg PLC currently has a consensus rating of Hold and a consensus price target of GBX 291.70 ($3.79).
Hastings Group Hldg PLC (LON HSTG) opened at 320.40 on Tuesday. Hastings Group Hldg PLC has a 12-month low of GBX 202.43 and a 12-month high of GBX 336.70. The firm’s 50-day moving average is GBX 315.16 and its 200 day moving average is GBX 290.22. The stock’s market capitalization is GBX 2.11 billion.
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The company also recently announced a dividend, which will be paid on Friday, November 10th. Investors of record on Thursday, October 5th will be paid a dividend of GBX 4.10 ($0.05) per share. The ex-dividend date is Thursday, October 5th. This represents a yield of 1.28%.
In related news, insider Richard Mark Brewster sold 50,000 shares of the firm’s stock in a transaction dated Wednesday, May 31st. The stock was 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 firm’s stock in a transaction that occurred on Monday, June 12th. The shares were purchased at an average cost of GBX 319 ($4.14) per share, with a total value 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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