Hastings Group Hldg PLC (LON:HSTG) has been assigned an average recommendation of “Hold” from the thirteen analysts that are currently covering the company, Marketbeat.com reports. Ten investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is GBX 226.25 ($2.96).

Several analysts have recently issued reports on HSTG shares. Shore Capital reissued a “hold” rating on shares of Hastings Group in a report on Thursday, April 4th. JPMorgan Chase & Co. reduced their price objective on Hastings Group from GBX 250 ($3.27) to GBX 240 ($3.14) and set a “neutral” rating on the stock in a research note on Tuesday, March 5th. Barclays reaffirmed an “overweight” rating on shares of Hastings Group in a research note on Monday, January 21st. UBS Group reaffirmed a “neutral” rating and issued a GBX 205 ($2.68) price objective (up from GBX 196 ($2.56)) on shares of Hastings Group in a research note on Friday, February 1st. Finally, Goldman Sachs Group reaffirmed a “neutral” rating on shares of Hastings Group in a research note on Wednesday, February 27th.

Shares of HSTG traded down GBX 1.40 ($0.02) during trading hours on Thursday, hitting GBX 221.20 ($2.89). 1,168,594 shares of the company were exchanged, compared to its average volume of 1,190,000. The firm has a market cap of $1.46 billion and a P/E ratio of 11.17. Hastings Group has a fifty-two week low of GBX 169.50 ($2.21) and a fifty-two week high of GBX 292 ($3.82). The company has a debt-to-equity ratio of 39.03, a quick ratio of 0.23 and a current ratio of 0.92.

The business also recently disclosed a dividend, which will be paid on Friday, May 31st. Stockholders of record on Thursday, April 18th will be given a dividend of GBX 9 ($0.12) per share. This represents a dividend yield of 4.13%. This is an increase from Hastings Group’s previous dividend of $4.50. The ex-dividend date of this dividend is Thursday, April 18th. Hastings Group’s dividend payout ratio (DPR) is 0.71%.

Hastings Group Company Profile

Hastings Group Holdings plc, together with its subsidiaries, underwrites general insurance products in the United Kingdom. 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.

Further Reading: Gross Domestic Product (GDP)

Analyst Recommendations for Hastings Group (LON:HSTG)

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