Hastings Group Hldg PLC’s (HSTG) “Outperform” Rating Reaffirmed at Credit Suisse Group
A number of other analysts also recently issued reports on the stock. Peel Hunt restated an add rating and set a GBX 355 ($4.58) price objective on shares of Hastings Group Hldg PLC in a report on Thursday. BNP Paribas assumed coverage on shares of Hastings Group Hldg PLC in a report on Friday, August 25th. They set a neutral rating and a GBX 350 ($4.52) price objective for the company. Shore Capital restated a sell rating on shares of Hastings Group Hldg PLC in a report on Tuesday, August 22nd. Beaufort Securities reiterated a buy rating on shares of Hastings Group Hldg PLC in a research note on Thursday, August 10th. Finally, Barclays PLC reiterated an equal weight rating on shares of Hastings Group Hldg PLC in a research note on Thursday, August 10th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of Hold and a consensus target price of GBX 293.20 ($3.79).
Hastings Group Hldg PLC (LON HSTG) traded down 0.85% during mid-day trading on Friday, reaching GBX 303.20. 456,057 shares of the company’s stock were exchanged. The stock’s market cap is GBX 1.99 billion. The company has a 50-day moving average of GBX 315.56 and a 200-day moving average of GBX 295.54. Hastings Group Hldg PLC has a 52-week low of GBX 202.43 and a 52-week high of GBX 336.70.
Hastings Group Hldg PLC (LON:HSTG) last posted its quarterly earnings data on Wednesday, August 9th. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by $0.01. Hastings Group Hldg PLC had a return on equity of 20.57% and a net margin of 20.97%. Equities research analysts anticipate that Hastings Group Hldg PLC will post $21.47 earnings per share for the current year.
The firm also recently announced a dividend, which will be paid on Friday, November 10th. Stockholders of record on Thursday, October 5th will be paid a GBX 4.10 ($0.05) dividend. The ex-dividend date of this dividend is Thursday, October 5th. This represents a dividend yield of 1.28%.
In other news, insider Richard Hoskins acquired 811,165 shares of the business’s stock in a transaction dated Monday, June 12th. The stock was bought at an average cost of GBX 319 ($4.12) per share, for a total transaction of £2,587,616.35 ($3,341,878.28).
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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