Hastings Group (HSTG) Downgraded to Neutral at JPMorgan Chase & Co.
A number of other research firms have also commented on HSTG. Shore Capital reiterated a sell rating on shares of Hastings Group in a report on Friday, October 27th. Peel Hunt reiterated an add rating and set a GBX 355 ($4.81) price target on shares of Hastings Group in a report on Friday, October 27th. Credit Suisse Group upped their price objective on shares of Hastings Group from GBX 350 ($4.75) to GBX 360 ($4.88) and gave the stock an outperform rating in a report on Friday, November 3rd. Barclays restated an equal weight rating and issued a GBX 336 ($4.56) price objective on shares of Hastings Group in a report on Monday, December 11th. Finally, Goldman Sachs Group restated a neutral rating and issued a GBX 315 ($4.27) price objective on shares of Hastings Group in a report on Tuesday, September 12th. Four research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of Hold and an average price target of GBX 299.73 ($4.06).
Shares of Hastings Group (LON HSTG) opened at GBX 311 ($4.22) on Friday. Hastings Group has a 1-year low of GBX 216.60 ($2.94) and a 1-year high of GBX 336.70 ($4.57). The company has a market cap of $2,040.00 and a price-to-earnings ratio of 2,221.43.
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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