Hastings Group’s (HSTG) “Equal weight” Rating Reiterated at Barclays

Hastings Group (LON:HSTG)‘s stock had its “equal weight” rating reissued by stock analysts at Barclays in a report released on Tuesday. They presently have a GBX 332 ($4.66) price target on the stock. Barclays’ price objective would suggest a potential upside of 14.80% from the company’s current price.

A number of other analysts have also recently commented on the company. Peel Hunt reaffirmed an “add” rating and set a GBX 355 ($4.98) price target on shares of Hastings Group in a research report on Monday, January 22nd. JPMorgan Chase & Co. cut Hastings Group to a “neutral” rating in a research report on Friday, January 5th. HSBC lifted their price target on Hastings Group from GBX 230 ($3.22) to GBX 260 ($3.65) and gave the stock a “reduce” rating in a research report on Thursday, November 23rd. Credit Suisse Group lifted their price target on Hastings Group from GBX 350 ($4.91) to GBX 360 ($5.05) and gave the stock an “outperform” rating in a research report on Friday, November 3rd. Finally, Shore Capital reaffirmed a “sell” rating on shares of Hastings Group in a research report on Friday, October 27th. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of GBX 299.36 ($4.20).

Shares of Hastings Group (LON:HSTG) opened at GBX 291.80 ($4.09) on Tuesday. Hastings Group has a one year low of GBX 220.71 ($3.09) and a one year high of GBX 336.70 ($4.72). The company has a market cap of $1,920.00 and a P/E ratio of 2,084.29.

In other news, insider Gary Hoffman sold 403,671 shares of the business’s stock in a transaction dated Thursday, January 25th. The stock was sold at an average price of GBX 303 ($4.25), for a total value of £1,223,123.13 ($1,714,979.15).

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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.

Analyst Recommendations for Hastings Group (LON:HSTG)

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