Hastings Group Hldg PLC (HSTG) Stock Rating Reaffirmed by Goldman Sachs Group, Inc. (The)
Hastings Group Hldg PLC (LON:HSTG)‘s stock had its “neutral” rating reiterated by equities research analysts at Goldman Sachs Group, Inc. (The) in a report issued on Tuesday. They currently have a GBX 315 ($4.07) target price on the stock. Goldman Sachs Group, Inc. (The)’s target price indicates a potential upside of 4.17% from the stock’s previous close.
Several other equities analysts also recently commented on HSTG. Peel Hunt downgraded Hastings Group Hldg PLC to an “add” rating and raised their target price for the stock from GBX 240 ($3.10) to GBX 340 ($4.39) in a research report on Thursday, May 25th. HSBC Holdings plc restated a “reduce” rating and set a GBX 230 ($2.97) target price on shares of Hastings Group Hldg PLC in a research report on Tuesday, June 13th. Macquarie restated an “underperform” rating and set a GBX 166 ($2.14) target price on shares of Hastings Group Hldg PLC in a research report on Monday, June 19th. Credit Suisse Group raised their target price on Hastings Group Hldg PLC from GBX 330 ($4.26) to GBX 350 ($4.52) and gave the stock an “outperform” rating in a research report on Wednesday, July 12th. Finally, J P Morgan Chase & Co raised their target price on Hastings Group Hldg PLC from GBX 290 ($3.75) to GBX 315 ($4.07) and gave the stock a “neutral” rating in a research report on Thursday, July 20th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the stock. Hastings Group Hldg PLC currently has a consensus rating of “Hold” and an average price target of GBX 293.20 ($3.79).
Hastings Group Hldg PLC (LON HSTG) opened at 302.20 on Tuesday. The company’s market cap is GBX 1.99 billion. Hastings Group Hldg PLC has a 1-year low of GBX 203.42 and a 1-year high of GBX 336.70. The stock has a 50 day moving average price of GBX 315.63 and a 200 day moving average price of GBX 298.10.
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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