Berenberg Bank Reaffirms Buy Rating for Hastings Group Hldg PLC (HSTG)
Berenberg Bank reissued their buy rating on shares of Hastings Group Hldg PLC (LON:HSTG) in a research note issued to investors on Friday morning. Berenberg Bank currently has a GBX 234 ($3.05) price target on the stock.
HSTG has been the topic of several other research reports. Peel Hunt lifted their price objective 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. HSBC downgraded Hastings Group Hldg PLC to a reduce rating and set a GBX 193 ($2.52) price objective on the stock. in a report on Thursday, September 8th. JPMorgan Chase & Co. reiterated an overweight rating and issued a GBX 240 ($3.13) price objective on shares of Hastings Group Hldg PLC in a report on Friday, August 12th. Macquarie reiterated an underperform rating and issued a GBX 148 ($1.93) price objective on shares of Hastings Group Hldg PLC in a report on Wednesday, September 7th. Finally, Goldman Sachs Group Inc. reiterated a buy rating and issued a GBX 204 ($2.66) price objective on shares of Hastings Group Hldg PLC in a report on Wednesday, June 1st. Three analysts have rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the company. The company presently has a consensus rating of Hold and a consensus target price of GBX 207.22 ($2.70).
Hastings Group Hldg PLC (LON:HSTG) opened at 224.536 on Friday. Hastings Group Hldg PLC has a 12-month low of GBX 143.24 and a 12-month high of GBX 232.70. The stock has a 50 day moving average price of GBX 213.83 and a 200-day moving average price of GBX 187.10. The company’s market cap is GBX 1.48 billion.
The company also recently announced a dividend, which will be paid on Friday, November 4th. Shareholders of record on Thursday, October 6th will be issued a dividend of GBX 3.30 ($0.04) per share. This is an increase from Hastings Group Hldg PLC’s previous dividend of $2.20. The ex-dividend date of this dividend is Thursday, October 6th. This represents a dividend yield of 1.56%.
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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