Credit Suisse Group Reiterates “Outperform” Rating for Hastings Group Hldg PLC (HSTG)
Hastings Group Hldg PLC (LON:HSTG)‘s stock had its “outperform” rating reaffirmed by Credit Suisse Group in a research report issued to clients and investors on Friday. They presently have a GBX 350 ($4.56) target price on the stock. Credit Suisse Group’s price target points to a potential upside of 8.26% from the company’s previous close.
Several other equities analysts also recently weighed in on HSTG. Barclays PLC downgraded Hastings Group Hldg PLC to an “equal weight” rating and raised their target price for the company from GBX 247 ($3.22) to GBX 276 ($3.59) in a research report on Tuesday, April 18th. Berenberg Bank raised their target price on Hastings Group Hldg PLC from GBX 253 ($3.29) to GBX 315 ($4.10) and gave the company a “buy” rating in a research report on Friday, April 21st. Shore Capital restated a “sell” rating on shares of Hastings Group Hldg PLC in a research report on Friday, April 28th. J P Morgan Chase & Co restated a “neutral” rating and issued a GBX 290 ($3.78) target price on shares of Hastings Group Hldg PLC in a research report on Tuesday, May 2nd. Finally, Beaufort Securities restated a “buy” rating on shares of Hastings Group Hldg PLC in a research report on Tuesday, May 2nd. Three analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of GBX 285.22 ($3.71).
Shares of Hastings Group Hldg PLC (LON HSTG) traded up 2.31% on Friday, hitting GBX 323.30. The company had a trading volume of 907,802 shares. Hastings Group Hldg PLC has a 52 week low of GBX 202.43 and a 52 week high of GBX 336.70. The stock’s 50-day moving average is GBX 313.24 and its 200 day moving average is GBX 283.51. The company’s market capitalization is GBX 2.12 billion.
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In other news, insider Richard Mark Brewster sold 50,000 shares of Hastings Group Hldg PLC stock in a transaction on Wednesday, May 31st. The stock was sold at an average price of GBX 317 ($4.13), for a total value of £158,500 ($206,407.08). Also, insider Richard Hoskins acquired 811,165 shares of the company’s stock in a transaction dated Monday, June 12th. The stock was purchased at an average cost of GBX 319 ($4.15) per share, with a total value of £2,587,616.35 ($3,369,730.89).
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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