Hastings Group (HSTG) Given New GBX 247 Price Target at Barclays
Hastings Group (LON:HSTG) had its price objective lifted by Barclays from GBX 243 ($3.18) to GBX 247 ($3.23) in a report released on Thursday morning. They currently have an overweight rating on the stock.
HSTG has been the subject of several other research reports. JPMorgan Chase & Co. reduced their price objective on shares of Hastings Group from GBX 315 ($4.12) to GBX 285 ($3.72) and set a neutral rating for the company in a research report on Friday, October 5th. Numis Securities downgraded shares of Hastings Group to an add rating and set a GBX 220 ($2.87) price objective for the company. in a research report on Tuesday, October 30th. Goldman Sachs Group reduced their price objective on shares of Hastings Group from GBX 269.90 ($3.53) to GBX 209.90 ($2.74) and set a neutral rating for the company in a research report on Tuesday, November 6th. UBS Group restated a neutral rating and set a GBX 245 ($3.20) price objective on shares of Hastings Group in a research report on Thursday, October 25th. Finally, Shore Capital restated an under review rating on shares of Hastings Group in a research report on Thursday, October 25th. Nine investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus price target of GBX 246.19 ($3.22).
Shares of LON:HSTG traded down GBX 0.50 ($0.01) during trading on Thursday, hitting GBX 180.10 ($2.35). 279,078 shares of the company were exchanged, compared to its average volume of 1,190,000. Hastings Group has a 12-month low of GBX 244 ($3.19) and a 12-month high of GBX 336.70 ($4.40).
Hastings Group Company Profile
Hastings Group Holdings plc, together with its subsidiaries, provides general insurance products in the United Kingdom. The company operates in two segments, Underwriting and Retail. 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.
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