Hastings Group (HSTG) Receives Equal weight Rating from Barclays
Hastings Group (LON:HSTG)‘s stock had its “equal weight” rating reissued by equities research analysts at Barclays in a research report issued to clients and investors on Monday. They currently have a GBX 336 ($4.52) price target on the stock. Barclays’ price objective suggests a potential upside of 7.90% from the stock’s previous close.
Other research analysts have also recently issued research reports about the stock. Peel Hunt reiterated an “add” rating and issued a GBX 355 ($4.78) price target on shares of Hastings Group in a report on Friday, October 27th. BNP Paribas initiated coverage on shares of Hastings Group in a report on Friday, August 25th. They issued a “neutral” rating and a GBX 350 ($4.71) price target for the company. Goldman Sachs Group reiterated a “neutral” rating and issued a GBX 315 ($4.24) price target on shares of Hastings Group in a report on Tuesday, September 12th. Credit Suisse Group reiterated an “outperform” rating on shares of Hastings Group in a report on Friday, September 8th. Finally, J P Morgan Chase & Co reduced their price target on shares of Hastings Group from GBX 370 ($4.98) to GBX 350 ($4.71) and set an “overweight” rating for the company in a report on Tuesday, October 24th. Four analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the stock. Hastings Group currently has a consensus rating of “Hold” and a consensus price target of GBX 299.73 ($4.03).
Hastings Group (LON HSTG) opened at GBX 311.40 ($4.19) on Monday. Hastings Group has a 1-year low of GBX 215.03 ($2.89) and a 1-year high of GBX 336.70 ($4.53).
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Hastings Group 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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