Berenberg Bank Reaffirms Buy Rating for Hastings Group Hldg PLC (HSTG)
A number of other equities analysts have also recently issued reports on the company. Peel Hunt upped their target price on Hastings Group Hldg PLC from GBX 210 ($2.74) to GBX 240 ($3.13) and gave the stock a buy rating in a report on Tuesday, August 23rd. Macquarie reaffirmed an underperform rating and issued a GBX 148 ($1.93) target price on shares of Hastings Group Hldg PLC in a report on Wednesday, September 7th. Shore Capital reaffirmed a sell rating on shares of Hastings Group Hldg PLC in a report on Thursday, August 11th. HSBC lowered their target price on Hastings Group Hldg PLC from GBX 190 ($2.48) to GBX 185 ($2.41) and set a hold rating for the company in a report on Wednesday, June 29th. Finally, Barclays PLC upped their target price on Hastings Group Hldg PLC from GBX 224 ($2.92) to GBX 231 ($3.02) and gave the stock an overweight rating in a report on Wednesday, June 29th. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the company’s stock. The company has a consensus rating of Hold and an average target price of GBX 207.22 ($2.70).
Hastings Group Hldg PLC (LON:HSTG) opened at 224.536 on Friday. The stock’s 50 day moving average price is GBX 213.83 and its 200 day moving average price is GBX 187.10. Hastings Group Hldg PLC has a 12-month low of GBX 143.24 and a 12-month high of GBX 232.70. The company’s market cap is GBX 1.48 billion.
The company also recently declared a dividend, which will be paid on Friday, November 4th. Shareholders of record on Thursday, October 6th will be issued a GBX 3.30 ($0.04) dividend. The ex-dividend date is Thursday, October 6th. This represents a yield of 1.56%. This is a positive change from Hastings Group Hldg PLC’s previous dividend of $2.20.
Hastings Group Hldg PLC 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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