Beaufort Securities Reaffirms Buy Rating for Hastings Group Hldg PLC (HSTG)

Hastings Group Hldg PLC (LON:HSTG)‘s stock had its “buy” rating reaffirmed by Beaufort Securities in a report released on Thursday.

A number of other research firms have also weighed in on HSTG. Shore Capital reissued a “sell” rating on shares of Hastings Group Hldg PLC in a research report on Friday, April 28th. Credit Suisse Group raised their price target on shares of Hastings Group Hldg PLC from GBX 330 ($4.30) to GBX 350 ($4.56) and gave the company an “outperform” rating in a research report on Wednesday, July 12th. Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and set a GBX 298 ($3.88) price target on shares of Hastings Group Hldg PLC in a research report on Tuesday, May 30th. Peel Hunt reissued an “add” rating on shares of Hastings Group Hldg PLC in a research report on Friday, June 9th. Finally, J P Morgan Chase & Co raised their price target on shares of Hastings Group Hldg PLC from GBX 290 ($3.78) to GBX 315 ($4.10) and gave the company a “neutral” rating in a research report on Thursday, July 20th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company. Hastings Group Hldg PLC currently has a consensus rating of “Hold” and an average price target of GBX 285.22 ($3.71).

Shares of Hastings Group Hldg PLC (LON:HSTG) opened at 325.00 on Thursday. Hastings Group Hldg PLC has a 12 month low of GBX 196.70 and a 12 month high of GBX 333.70. The stock has a 50 day moving average price of GBX 312.86 and a 200 day moving average price of GBX 282.63. The firm’s market capitalization is GBX 2.14 billion.

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In related news, insider Richard Hoskins acquired 811,165 shares of the stock in a transaction on Monday, June 12th. The shares were acquired at an average price of GBX 319 ($4.15) per share, with a total value of £2,587,616.35 ($3,369,730.89). Also, insider Richard Mark Brewster sold 50,000 shares of Hastings Group Hldg PLC stock in a transaction dated Wednesday, May 31st. The stock was sold at an average price of GBX 317 ($4.13), for a total transaction of £158,500 ($206,407.08).

Hastings Group Hldg PLC 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 Hldg PLC (LON:HSTG)

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