Beaufort Securities Reaffirms Buy Rating for Hastings Group Hldg PLC (HSTG)
Hastings Group Hldg PLC (LON:HSTG)‘s stock had its “buy” rating reaffirmed by analysts at Beaufort Securities in a report released on Thursday.
Other equities research analysts have also issued research reports about the company. Shore Capital reissued a “sell” rating on shares of Hastings Group Hldg PLC in a research report on Friday, April 28th. Macquarie restated an “underperform” rating and set a GBX 166 ($2.16) price target on shares of Hastings Group Hldg PLC in a research note on Monday, June 19th. Goldman Sachs Group, Inc. (The) lifted their target price on Hastings Group Hldg PLC from GBX 253 ($3.29) to GBX 298 ($3.88) and gave the company a “neutral” rating in a research note on Monday, May 8th. Peel Hunt downgraded Hastings Group Hldg PLC to an “add” rating and lifted their target price for the company from GBX 240 ($3.13) to GBX 340 ($4.43) in a research note on Thursday, May 25th. Finally, Berenberg Bank lifted their target price on Hastings Group Hldg PLC from GBX 253 ($3.29) to GBX 315 ($4.10) and gave the company a “buy” rating in a research note on Friday, April 21st. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of GBX 285.22 ($3.71).
Shares of Hastings Group Hldg PLC (LON:HSTG) opened at 325.00 on Thursday. Hastings Group Hldg PLC has a 52-week low of GBX 196.70 and a 52-week high of GBX 333.70. The stock has a 50 day moving average of GBX 312.86 and a 200-day moving average of GBX 282.63. The stock’s market capitalization is GBX 2.14 billion.
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In related news, insider Richard Hoskins bought 811,165 shares of the stock in a transaction dated Monday, June 12th. The stock was bought at an average cost of GBX 319 ($4.15) per share, with a total value of £2,587,616.35 ($3,369,730.89). Also, insider Richard Mark Brewster sold 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 31st. The shares were sold at an average price of GBX 317 ($4.13), for a total value of £158,500 ($206,407.08).
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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