Analysts Set Hastings Group Hldg PLC (HSTG) PT at $259.77
Hastings Group Hldg PLC (LON:HSTG) has earned a consensus rating of “Hold” from the eleven ratings firms that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and two have issued a buy recommendation on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is GBX 254.77 ($3.33).
A number of brokerages have commented on HSTG. JPMorgan Chase & Co. reduced their target price on shares of Hastings Group from GBX 315 ($4.12) to GBX 285 ($3.72) and set a “neutral” rating for the company in a report on Friday, October 5th. Numis Securities cut shares of Hastings Group to an “add” rating and set a GBX 220 ($2.87) target price for the company. in a report on Tuesday, October 30th. Barclays upped their target price on shares of Hastings Group from GBX 267 ($3.49) to GBX 272 ($3.55) and gave the company an “equal weight” rating in a report on Friday, September 7th. UBS Group reaffirmed a “neutral” rating and set a GBX 245 ($3.20) target price on shares of Hastings Group in a report on Thursday, October 25th. Finally, Goldman Sachs Group reduced their target price on shares of Hastings Group from GBX 269.90 ($3.53) to GBX 209.90 ($2.74) and set a “neutral” rating for the company in a report on Tuesday, November 6th.
Hastings Group stock traded down GBX 5.90 ($0.08) during midday trading on Monday, reaching GBX 189.60 ($2.48). 339,886 shares of the company traded hands, compared to its average volume of 1,190,000. Hastings Group has a 12 month low of GBX 244 ($3.19) and a 12 month high of GBX 336.70 ($4.40).
About Hastings Group
Hastings Group Holdings plc, together with its subsidiaries, provides general insurance products in the United Kingdom. The company operates in two segments, Underwriting and Retail. It is involved in the underwriting and brokerage of car, van, bike, and home insurance under various brands, including Hastings Direct, Hastings PREMIER, Hastings ESSENTIAL, Hastings Direct SmartMiles, InsurePink, and People's Choice.
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