Hastings Group Hldg PLC (HSTG) Receives GBX 294.70 Average Price Target from Brokerages
Hastings Group Hldg PLC (LON:HSTG) has been given a consensus recommendation of “Hold” by the thirteen ratings firms that are presently covering the firm, MarketBeat reports. Four investment analysts have rated the stock with a sell recommendation, six have given a hold recommendation and three have given a buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is GBX 294.70 ($4.00).
A number of brokerages have recently issued reports on HSTG. Barclays reaffirmed an “equal weight” rating and issued a GBX 336 ($4.56) price objective on shares of Hastings Group in a research note on Monday, December 11th. JPMorgan Chase & Co. cut their price objective on shares of Hastings Group from GBX 370 ($5.02) to GBX 350 ($4.75) and set an “overweight” rating for the company in a research note on Tuesday, October 24th. 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 company an “outperform” rating in a research note on Friday, November 3rd. HSBC upped their price objective on shares of Hastings Group from GBX 230 ($3.12) to GBX 260 ($3.53) and gave the company a “reduce” rating in a research note on Thursday, November 23rd. Finally, Peel Hunt reaffirmed an “add” rating and issued a GBX 355 ($4.81) price objective on shares of Hastings Group in a research note on Tuesday, October 3rd.
Shares of Hastings Group (LON HSTG) traded down GBX 0.40 ($0.01) during trading on Tuesday, hitting GBX 306.60 ($4.16). 496,672 shares of the stock were exchanged, compared to its average volume of 541,821. Hastings Group has a 12 month low of GBX 216.60 ($2.94) and a 12 month high of GBX 336.70 ($4.57). The stock has a market cap of $2,020.00 and a PE ratio of 2,190.00.
Hastings Group Company Profile
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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