Hastings Group Hldg PLC (LON:HSTG) had its price target lifted by investment analysts at Credit Suisse Group from GBX 350 ($4.62) to GBX 360 ($4.75) in a research report issued on Friday. The firm presently has an “outperform” rating on the stock. Credit Suisse Group’s price target would suggest a potential upside of 14.07% from the stock’s previous close.
Several other equities research analysts have also commented on the company. J P Morgan Chase & Co upped their price objective on Hastings Group Hldg PLC from GBX 290 ($3.83) to GBX 315 ($4.16) and gave the stock a “neutral” rating in a research note on Thursday, July 20th. Peel Hunt restated an “add” rating and issued a GBX 340 ($4.49) price objective on shares of Hastings Group Hldg PLC in a research note on Monday, July 17th. Goldman Sachs Group, Inc. (The) restated a “neutral” rating and issued a GBX 315 ($4.16) price objective on shares of Hastings Group Hldg PLC in a research note on Tuesday, September 12th. BNP Paribas initiated coverage on Hastings Group Hldg PLC in a research note on Friday, August 25th. They issued a “neutral” rating and a GBX 350 ($4.62) price objective for the company. Finally, Shore Capital restated a “sell” rating on shares of Hastings Group Hldg PLC in a research note on Monday, August 7th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of GBX 297.70 ($3.93).
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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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