Hastings Group Hldg PLC (HSTG) Coverage Initiated by Analysts at BNP Paribas
BNP Paribas began coverage on shares of Hastings Group Hldg PLC (LON:HSTG) in a research note published on Friday. The brokerage issued a neutral rating and a GBX 350 ($4.53) price target on the stock.
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. Beaufort Securities reaffirmed a buy rating on shares of Hastings Group Hldg PLC in a report on Tuesday, May 2nd. Macquarie reaffirmed an underperform rating and set a GBX 166 ($2.15) price target on shares of Hastings Group Hldg PLC in a report on Monday, June 19th. Goldman Sachs Group, Inc. (The) raised their price target on shares of Hastings Group Hldg PLC from GBX 253 ($3.27) to GBX 298 ($3.85) and gave the company a neutral rating in a report on Monday, May 8th. Finally, Peel Hunt lowered shares of Hastings Group Hldg PLC to an add rating and raised their price target for the company from GBX 240 ($3.10) to GBX 340 ($4.40) in a report on Thursday, May 25th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. Hastings Group Hldg PLC has an average rating of Hold and an average target price of GBX 291.70 ($3.77).
Hastings Group Hldg PLC (LON:HSTG) opened at 320.40 on Friday. The company’s market cap is GBX 2.11 billion. The company has a 50-day moving average price of GBX 315.16 and a 200 day moving average price of GBX 290.22. Hastings Group Hldg PLC has a 52 week low of GBX 202.43 and a 52 week high of GBX 336.70.
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The business also recently disclosed a dividend, which will be paid on Friday, November 10th. Shareholders of record on Thursday, October 5th will be issued a dividend of GBX 4.10 ($0.05) per share. This represents a yield of 1.28%. The ex-dividend date of this dividend is Thursday, October 5th.
In other Hastings Group Hldg PLC news, insider Richard Mark Brewster sold 50,000 shares of the firm’s stock in a transaction on Wednesday, May 31st. The shares were sold at an average price of GBX 317 ($4.10), for a total transaction of £158,500 ($204,992.24). Also, insider Richard Hoskins acquired 811,165 shares of the firm’s stock in a transaction on Monday, June 12th. The shares were bought at an average cost of GBX 319 ($4.13) per share, with a total value of £2,587,616.35 ($3,346,632.63).
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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