Hastings Group (LON:HSTG) Price Target Cut to GBX 195
Hastings Group (LON:HSTG) had its price target cut by Credit Suisse Group from GBX 200 ($2.61) to GBX 195 ($2.55) in a research note published on Monday morning, ThisIsMoney.Co.Uk reports. They currently have a neutral rating on the stock.
A number of other equities analysts have also commented on HSTG. Panmure Gordon started coverage on Hastings Group in a research note on Wednesday, May 22nd. They issued a sell rating and a GBX 145 ($1.89) price objective on the stock. Shore Capital reissued a buy rating on shares of Hastings Group in a research note on Thursday, August 8th. Peel Hunt reissued an add rating and issued a GBX 220 ($2.87) price objective (down previously from GBX 240 ($3.14)) on shares of Hastings Group in a research note on Thursday, August 8th. Royal Bank of Canada reduced their price objective on Hastings Group from GBX 225 ($2.94) to GBX 220 ($2.87) and set a sector performer rating on the stock in a research note on Monday, July 15th. Finally, JPMorgan Chase & Co. raised Hastings Group to an overweight rating and boosted their price objective for the stock from GBX 240 ($3.14) to GBX 265 ($3.46) in a research note on Wednesday, April 24th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company. The stock has an average rating of Hold and a consensus target price of GBX 210.79 ($2.75).
Hastings Group stock opened at GBX 181 ($2.37) on Monday. The company has a debt-to-equity ratio of 40.13, a quick ratio of 0.23 and a current ratio of 0.91. The firm has a market cap of $1.20 billion and a P/E ratio of 12.48. The business’s fifty day moving average is GBX 195.78 and its two-hundred day moving average is GBX 201.82. Hastings Group has a 52 week low of GBX 169.50 ($2.21) and a 52 week high of GBX 277 ($3.62).
Hastings Group Company Profile
Hastings Group Holdings plc, together with its subsidiaries, underwrites general insurance products in the United Kingdom. It is involved in the underwriting and brokerage of car, van, bike, and home insurance under various brands, including Hastings Direct, Hastings PREMIER, Hastings ESSENTIAL, Hastings Direct SmartMiles, InsurePink, and People's Choice.
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