Hastings Group Hldg PLC (LON:HSTG) had its target price upped by investment analysts at Credit Suisse Group from GBX 330 ($4.30) to GBX 350 ($4.56) in a research report issued to clients and investors on Wednesday, July 12th, MarketBeat reports. The brokerage currently has an “outperform” rating on the stock. Credit Suisse Group’s price objective points to a potential upside of 8.26% from the stock’s previous close.
HSTG has been the topic of a number of other research reports. Berenberg Bank increased their price objective on shares of Hastings Group Hldg PLC from GBX 253 ($3.29) to GBX 315 ($4.10) and gave the company a “buy” rating in a research report on Friday, April 21st. Macquarie restated an “underperform” rating and set a GBX 166 ($2.16) price objective on shares of Hastings Group Hldg PLC in a research report on Monday, June 19th. HSBC Holdings plc restated a “reduce” rating and set a GBX 230 ($3.00) price objective on shares of Hastings Group Hldg PLC in a research report on Tuesday, June 13th. Peel Hunt restated an “add” rating and set a GBX 340 ($4.43) price objective on shares of Hastings Group Hldg PLC in a research report on Monday, July 10th. Finally, J P Morgan Chase & Co downgraded shares of Hastings Group Hldg PLC to a “neutral” rating and increased their price objective for the company from GBX 260 ($3.39) to GBX 290 ($3.78) in a research report on Friday, March 31st. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. Hastings Group Hldg PLC currently has a consensus rating of “Hold” and a consensus target price of GBX 285.22 ($3.71).
Shares of Hastings Group Hldg PLC (LON HSTG) traded up 2.31% during trading on Wednesday, reaching GBX 323.30. 907,802 shares of the company traded hands. The stock’s market capitalization is GBX 2.12 billion. The firm’s 50 day moving average is GBX 313.24 and its 200-day moving average is GBX 283.51. Hastings Group Hldg PLC has a 12-month low of GBX 202.43 and a 12-month high of GBX 336.70.
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In other Hastings Group Hldg PLC news, insider Richard Mark Brewster sold 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 31st. The shares were sold at an average price of GBX 317 ($4.13), for a total transaction of £158,500 ($206,407.08). Also, insider Richard Hoskins bought 811,165 shares of Hastings Group Hldg PLC stock in a transaction on Monday, June 12th. The shares were acquired at an average cost of GBX 319 ($4.15) per share, with a total value of £2,587,616.35 ($3,369,730.89).
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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