Hastings Group Hldg PLC (HSTG) Receives Consensus Recommendation of “Hold” from Brokerages
Shares of Hastings Group Hldg PLC (LON:HSTG) have earned an average recommendation of “Hold” from the thirteen brokerages that are covering the stock, MarketBeat reports. Four equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is GBX 290.11 ($3.82).
HSTG has been the subject of several recent research reports. HSBC Holdings PLC increased their target price on shares of Hastings Group from GBX 230 ($3.03) to GBX 260 ($3.42) and gave the company a “reduce” rating in a research note on Thursday. J P Morgan Chase & Co reissued an “overweight” rating on shares of Hastings Group in a research note on Thursday, November 16th. Credit Suisse Group increased their target price on shares of Hastings Group from GBX 350 ($4.60) to GBX 360 ($4.73) and gave the company an “outperform” rating in a research note on Friday, November 3rd. Shore Capital reissued a “sell” rating on shares of Hastings Group in a research note on Friday, October 27th. Finally, Peel Hunt reissued an “add” rating and set a GBX 355 ($4.67) target price on shares of Hastings Group in a research note on Friday, October 27th.
Hastings Group (LON HSTG) traded up GBX 2.40 ($0.03) during trading on Monday, hitting GBX 309 ($4.06). 1,086,160 shares of the stock traded hands, compared to its average volume of 582,797. Hastings Group has a twelve month low of GBX 207.10 ($2.72) and a twelve month high of GBX 336.70 ($4.43).
About Hastings Group
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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