Peel Hunt Reiterates “Add” Rating for Hastings Group (HSTG)

Hastings Group (LON:HSTG)‘s stock had its “add” rating reaffirmed by equities researchers at Peel Hunt in a report issued on Tuesday.

HSTG has been the subject of several other research reports. JPMorgan Chase & Co. lowered their price target on shares of Hastings Group from GBX 315 ($4.12) to GBX 285 ($3.72) and set a “neutral” rating for the company in a report on Friday, October 5th. Numis Securities lowered shares of Hastings Group to an “add” rating and set a GBX 220 ($2.87) price target for the company. in a report on Tuesday, October 30th. Goldman Sachs Group lowered their price target on shares of Hastings Group from GBX 269.90 ($3.53) to GBX 209.90 ($2.74) and set a “neutral” rating for the company in a report on Tuesday, November 6th. UBS Group restated a “neutral” rating and set a GBX 245 ($3.20) price target on shares of Hastings Group in a report on Thursday, October 25th. Finally, Barclays lifted their price objective on shares of Hastings Group from GBX 267 ($3.49) to GBX 272 ($3.55) and gave the company an “equal weight” rating in a research note on Friday, September 7th. Eight analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Hastings Group presently has an average rating of “Hold” and a consensus price target of GBX 245.79 ($3.21).

Hastings Group stock traded down GBX 3.80 ($0.05) during mid-day trading on Tuesday, hitting GBX 187.30 ($2.45). 411,795 shares of the stock were exchanged, compared to its average volume of 1,190,000. Hastings Group has a 12 month low of GBX 244 ($3.19) and a 12 month high of GBX 336.70 ($4.40).

In related news, insider Toby van der Meer acquired 129,536 shares of the stock in a transaction dated Tuesday, September 18th. The stock was bought at an average price of GBX 269 ($3.51) per share, for a total transaction of £348,451.84 ($455,314.05).

About Hastings Group

Hastings Group Holdings plc, together with its subsidiaries, provides general insurance products in the United Kingdom. The company operates in two segments, Underwriting and Retail. 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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Analyst Recommendations for Hastings Group (LON:HSTG)

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