Hastings Group Hldg PLC (LON:HSTG) Stock Rating Reaffirmed by Credit Suisse Group
Hastings Group Hldg PLC (LON:HSTG)‘s stock had its “outperform” rating reissued by Credit Suisse Group in a research report issued to clients and investors on Friday. They presently have a GBX 350 ($4.56) target price on the stock. Credit Suisse Group’s price target would suggest a potential upside of 10.76% from the stock’s previous close.
HSTG has been the subject of a number of other research reports. Beaufort Securities restated a “buy” rating on shares of Hastings Group Hldg PLC in a research note on Tuesday, May 2nd. Shore Capital restated a “sell” rating on shares of Hastings Group Hldg PLC in a research note on Friday, April 28th. Goldman Sachs Group, Inc. (The) raised their target price on Hastings Group Hldg PLC from GBX 253 ($3.29) to GBX 298 ($3.88) and gave the stock a “neutral” rating in a research note on Monday, May 8th. Macquarie restated an “underperform” rating and issued a GBX 166 ($2.16) target price on shares of Hastings Group Hldg PLC in a research note on Monday, June 19th. Finally, Peel Hunt lowered Hastings Group Hldg PLC to an “add” rating and raised their target price for the stock from GBX 240 ($3.13) to GBX 340 ($4.43) in a research note on Thursday, May 25th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of GBX 285.22 ($3.71).
Hastings Group Hldg PLC (HSTG) opened at 317.10 on Friday. The company has a 50 day moving average price of GBX 312.94 and a 200-day moving average price of GBX 282.87. Hastings Group Hldg PLC has a 1-year low of GBX 200.90 and a 1-year high of GBX 336.70. The firm’s market capitalization is GBX 2.08 billion.
In related news, insider Richard Hoskins purchased 811,165 shares of the business’s stock in a transaction on Monday, June 12th. The shares were 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 stock in a transaction dated Wednesday, May 31st. The stock was sold at an average price of GBX 317 ($4.13), for a total value of £158,500 ($206,407.08).
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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