Hastings Group Hldg PLC (HSTG) Receives Add Rating from Peel Hunt
Hastings Group Hldg PLC (LON:HSTG)‘s stock had its “add” rating reissued by equities research analysts at Peel Hunt in a research report issued on Thursday. They currently have a GBX 355 ($4.58) target price on the stock. Peel Hunt’s target price points to a potential upside of 17.59% from the stock’s previous close.
Several other research firms have also issued reports on HSTG. Shore Capital reissued a “sell” rating on shares of Hastings Group Hldg PLC in a report on Monday, August 7th. Beaufort Securities reissued a “buy” rating on shares of Hastings Group Hldg PLC in a report on Thursday, August 10th. Barclays PLC reissued an “equal weight” rating on shares of Hastings Group Hldg PLC in a report on Thursday, August 10th. BNP Paribas began coverage on Hastings Group Hldg PLC in a report on Friday, August 25th. They set a “neutral” rating and a GBX 350 ($4.52) target price on the stock. Finally, HSBC Holdings plc reissued a “reduce” rating and set a GBX 230 ($2.97) target price on shares of Hastings Group Hldg PLC in a report on Tuesday, June 13th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of GBX 293.20 ($3.79).
Hastings Group Hldg PLC (HSTG) traded up 1.29% on Thursday, hitting GBX 305.80. The company had a trading volume of 823,149 shares. The firm has a 50-day moving average price of GBX 315.72 and a 200-day moving average price of GBX 295.41. The firm’s market capitalization is GBX 2.01 billion. Hastings Group Hldg PLC has a 12-month low of GBX 202.43 and a 12-month high of GBX 336.70.
In other Hastings Group Hldg PLC news, insider Richard Hoskins acquired 811,165 shares of the company’s stock in a transaction that occurred on Monday, June 12th. The stock was acquired at an average cost of GBX 319 ($4.12) per share, for a total transaction of £2,587,616.35 ($3,341,878.28).
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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