Hastings Group (LON:HSTG)‘s stock had its “add” rating reaffirmed by analysts at Peel Hunt in a note issued to investors on Monday. They currently have a GBX 355 ($4.81) price objective on the stock. Peel Hunt’s price objective points to a potential upside of 16.47% from the company’s current price.
HSTG has been the topic of a number of other research reports. Barclays reissued an “equal weight” rating and issued a GBX 336 ($4.56) target price on shares of Hastings Group in a research note on Monday, December 11th. JPMorgan Chase & Co. reduced their target price on Hastings Group from GBX 370 ($5.02) to GBX 350 ($4.75) and set an “overweight” rating on the stock in a research note on Tuesday, October 24th. Credit Suisse Group increased their target price on Hastings Group from GBX 350 ($4.75) to GBX 360 ($4.88) and gave the company an “outperform” rating in a research note on Friday, November 3rd. HSBC increased their target price on Hastings Group from GBX 230 ($3.12) to GBX 260 ($3.53) and gave the company a “reduce” rating in a research note on Thursday, November 23rd. Finally, Shore Capital reissued a “sell” rating on shares of Hastings Group in a research note on Friday, October 27th. Four research analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of GBX 299.73 ($4.06).
Hastings Group (LON:HSTG) opened at GBX 304.80 ($4.13) on Monday. The firm has a market cap of $2,000.00 and a price-to-earnings ratio of 2,177.14. Hastings Group has a 1-year low of GBX 216.60 ($2.94) and a 1-year high of GBX 336.70 ($4.57).
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About Hastings Group
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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