Hastings Group (LON:HSTG) had its price target upped by Barclays from GBX 220 ($2.87) to GBX 225 ($2.94) in a report released on Tuesday morning, ThisIsMoney.Co.Uk reports. The firm currently has an overweight rating on the stock.

Other equities research analysts have also issued reports about the company. Credit Suisse Group decreased their price target on Hastings Group from GBX 200 ($2.61) to GBX 195 ($2.55) and set a neutral rating on the stock in a research report on Monday, August 12th. Panmure Gordon began coverage on Hastings Group in a research report on Wednesday, May 22nd. They set a sell rating and a GBX 145 ($1.89) price target on the stock. Royal Bank of Canada decreased their price target on Hastings Group from GBX 195 ($2.55) to GBX 190 ($2.48) and set a sector performer rating on the stock in a research report on Monday, August 12th. Shore Capital restated a buy rating on shares of Hastings Group in a research report on Thursday, August 8th. Finally, JPMorgan Chase & Co. increased their price target on Hastings Group from GBX 240 ($3.14) to GBX 245 ($3.20) and gave the stock an overweight rating in a research report on Monday, August 12th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average price target of GBX 211.14 ($2.76).

The company has a market cap of $1.24 billion and a price-to-earnings ratio of 12.90. Hastings Group has a 12-month low of GBX 169.50 ($2.21) and a 12-month high of GBX 274.60 ($3.59). The stock’s 50 day simple moving average is GBX 189.20 and its 200 day simple moving average is GBX 198.70. The company has a debt-to-equity ratio of 40.13, a quick ratio of 0.23 and a current ratio of 0.91.

The company also recently disclosed a dividend, which will be paid on Friday, November 8th. Shareholders of record on Thursday, October 3rd will be issued a dividend of GBX 4.50 ($0.06) per share. This represents a yield of 2.54%. The ex-dividend date of this dividend is Thursday, October 3rd. Hastings Group’s dividend payout ratio is 0.97%.

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.

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Analyst Recommendations for Hastings Group (LON:HSTG)

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