Hastings Group Hldg PLC’s (HSTG) “Buy” Rating Reiterated at Peel Hunt
Hastings Group Hldg PLC (LON:HSTG)‘s stock had its “buy” rating reissued by research analysts at Peel Hunt in a report issued on Tuesday. They presently have a GBX 240 ($2.97) price objective on the stock. Peel Hunt’s price target would suggest a potential upside of 13.26% from the company’s previous close.
HSTG has been the subject of a number of other research reports. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a GBX 240 ($2.97) price target on shares of Hastings Group Hldg PLC in a research note on Thursday, July 28th. Beaufort Securities reissued a “buy” rating on shares of Hastings Group Hldg PLC in a report on Friday, August 12th. Berenberg Bank raised their price objective on shares of Hastings Group Hldg PLC from GBX 210 ($2.60) to GBX 234 ($2.90) and gave the stock a “buy” rating in a report on Tuesday, August 16th. Barclays PLC raised their price objective on shares of Hastings Group Hldg PLC from GBX 224 ($2.77) to GBX 231 ($2.86) and gave the stock an “overweight” rating in a report on Wednesday, June 29th. Finally, Goldman Sachs Group Inc. reissued a “buy” rating and set a GBX 204 ($2.52) price objective on shares of Hastings Group Hldg PLC in a report on Wednesday, June 15th. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of GBX 207.22 ($2.56).
Shares of Hastings Group Hldg PLC (LON:HSTG) opened at 211.00 on Tuesday. Hastings Group Hldg PLC has a one year low of GBX 143.24 and a one year high of GBX 240.70. The stock’s market capitalization is GBX 1.39 billion. The company’s 50-day moving average is GBX 221.85 and its 200-day moving average is GBX 193.11.
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The firm also recently announced a dividend, which will be paid on Friday, November 4th. Stockholders of record on Thursday, October 6th will be issued a GBX 3.30 ($0.04) dividend. This represents a dividend yield of 1.56%. This is a boost from Hastings Group Hldg PLC’s previous dividend of $2.20. The ex-dividend date of this dividend is Thursday, October 6th.
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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