Hastings Group Hldg PLC’s (HSTG) “Outperform” Rating Reaffirmed at Credit Suisse Group
Hastings Group Hldg PLC (LON:HSTG)‘s stock had its “outperform” rating reaffirmed by analysts at Credit Suisse Group in a research report issued on Friday.
Several other equities research analysts also recently weighed in on HSTG. Goldman Sachs Group, Inc. (The) raised their price target on Hastings Group Hldg PLC from GBX 253 ($3.27) to GBX 298 ($3.85) and gave the stock a “neutral” rating in a report on Monday, May 15th. Peel Hunt downgraded Hastings Group Hldg PLC to an “add” rating and raised their price target for the stock from GBX 240 ($3.10) to GBX 340 ($4.39) in a report on Thursday, May 25th. HSBC Holdings plc reissued a “reduce” rating and issued a GBX 230 ($2.97) price target on shares of Hastings Group Hldg PLC in a report on Tuesday, June 13th. Macquarie reissued an “underperform” rating and issued a GBX 166 ($2.14) price target on shares of Hastings Group Hldg PLC in a report on Monday, June 19th. Finally, J P Morgan Chase & Co raised their price target on Hastings Group Hldg PLC from GBX 290 ($3.75) to GBX 315 ($4.07) and gave the stock a “neutral” rating in a report on Thursday, July 20th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of GBX 293.20 ($3.79).
Hastings Group Hldg PLC (LON HSTG) traded down 0.85% during trading on Friday, reaching GBX 303.20. 456,057 shares of the company’s stock traded hands. The firm’s market cap is GBX 1.99 billion. Hastings Group Hldg PLC has a one year low of GBX 202.43 and a one year high of GBX 336.70. The company has a 50 day moving average of GBX 315.56 and a 200 day moving average of GBX 295.54.
Hastings Group Hldg PLC (LON:HSTG) last issued its quarterly earnings results on Wednesday, August 9th. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.10 by $0.01. Hastings Group Hldg PLC had a return on equity of 20.57% and a net margin of 20.97%. Equities research analysts predict that Hastings Group Hldg PLC will post $21.47 EPS for the current year.
In related news, insider Richard Hoskins purchased 811,165 shares of the firm’s stock in a transaction on Monday, June 12th. The stock was bought at an average cost of GBX 319 ($4.12) per share, with a total value 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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