Credit Suisse Group Increases Hastings Group Hldg PLC (HSTG) Price Target to GBX 360
Hastings Group Hldg PLC (LON:HSTG) had its target price raised by analysts at Credit Suisse Group from GBX 350 ($4.62) to GBX 360 ($4.75) in a research report issued on Friday. The firm currently has an “outperform” rating on the stock. Credit Suisse Group’s price objective would suggest a potential upside of 13.42% from the company’s previous close.
HSTG has been the subject of a number of other reports. Shore Capital reaffirmed a “sell” rating on shares of Hastings Group Hldg PLC in a report on Tuesday, August 22nd. BNP Paribas initiated coverage on shares of Hastings Group Hldg PLC in a report on Friday, August 25th. They set a “neutral” rating and a GBX 350 ($4.62) price target for the company. J P Morgan Chase & Co lowered their price target on shares of Hastings Group Hldg PLC from GBX 370 ($4.88) to GBX 350 ($4.62) and set an “overweight” rating for the company in a report on Tuesday, October 24th. Peel Hunt reaffirmed an “add” rating and set a GBX 355 ($4.68) price target on shares of Hastings Group Hldg PLC in a report on Wednesday, September 13th. Finally, Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating and set a GBX 315 ($4.16) price target on shares of Hastings Group Hldg PLC in a report on Tuesday, September 12th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of GBX 297.70 ($3.93).
Hastings Group Hldg PLC (LON HSTG) traded up GBX 1.80 ($0.02) during trading on Friday, hitting GBX 317.40 ($4.19). 333,203 shares of the stock traded hands.
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About Hastings Group Hldg PLC
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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