Hastings Group Hldg PLC’s (HSTG) Overweight Rating Reaffirmed at Barclays PLC
Hastings Group Hldg PLC (LON:HSTG)‘s stock had its “overweight” rating reaffirmed by analysts at Barclays PLC in a research note issued to investors on Thursday.
A number of other analysts have also issued reports on HSTG. Macquarie reaffirmed an “underperform” rating and issued a GBX 148 ($1.93) price target on shares of Hastings Group Hldg PLC in a research note on Wednesday, September 7th. HSBC lowered Hastings Group Hldg PLC to a “reduce” rating and set a GBX 193 ($2.52) price target on the stock. in a research note on Thursday, September 8th. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 234 ($3.05) price target on shares of Hastings Group Hldg PLC in a research note on Friday, September 16th. Peel Hunt lifted their price target on Hastings Group Hldg PLC from GBX 210 ($2.74) to GBX 240 ($3.13) and gave the stock a “buy” rating in a research note on Tuesday, August 23rd. Finally, Beaufort Securities reaffirmed a “buy” rating on shares of Hastings Group Hldg PLC in a research note on Friday, August 12th. Three analysts have rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of GBX 207.22 ($2.70).
Shares of Hastings Group Hldg PLC (LON:HSTG) opened at 226.40 on Thursday. The stock’s market cap is GBX 1.49 billion. The firm has a 50-day moving average price of GBX 214.65 and a 200-day moving average price of GBX 187.35. Hastings Group Hldg PLC has a 1-year low of GBX 143.24 and a 1-year high of GBX 233.50.
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The business also recently disclosed a dividend, which will be paid on Friday, November 4th. Shareholders of record on Thursday, October 6th will be paid a dividend of GBX 3.30 ($0.04) per share. The ex-dividend date of this dividend is Thursday, October 6th. This represents a yield of 1.56%. This is a positive change from Hastings Group Hldg PLC’s previous dividend of $2.20.
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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