Hastings Group Hldg PLC (HSTG) Receives “Add” Rating from Peel Hunt

Peel Hunt reiterated their add rating on shares of Hastings Group Hldg PLC (LON:HSTG) in a research report released on Tuesday morning. Peel Hunt currently has a GBX 355 ($4.71) price objective on the stock.

A number of other equities research analysts also recently issued reports on the company. HSBC Holdings plc reissued a reduce rating and set a GBX 230 ($3.05) price target on shares of Hastings Group Hldg PLC in a research report on Tuesday, June 13th. Credit Suisse Group restated an outperform rating and set a GBX 350 ($4.64) price target on shares of Hastings Group Hldg PLC in a research note on Friday, August 11th. Beaufort Securities restated a buy rating on shares of Hastings Group Hldg PLC in a report on Thursday, August 10th. Barclays PLC restated an equal weight rating on shares of Hastings Group Hldg PLC in a report on Thursday, August 10th. Finally, Shore Capital reaffirmed a sell rating on shares of Hastings Group Hldg PLC in a research note on Monday, August 7th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus target price of GBX 293.20 ($3.89).

Shares of Hastings Group Hldg PLC (HSTG) traded down 0.63% on Tuesday, hitting GBX 301.10. 134,549 shares of the company were exchanged. Hastings Group Hldg PLC has a 52-week low of GBX 203.42 and a 52-week high of GBX 336.70. The firm’s market cap is GBX 1.98 billion. The company has a 50-day moving average price of GBX 309.19 and a 200 day moving average price of GBX 304.51.

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The business also recently announced a dividend, which will be paid on Friday, November 10th. Stockholders of record on Thursday, October 5th will be paid a GBX 4.10 ($0.05) dividend. The ex-dividend date is Thursday, October 5th. This represents a dividend yield of 1.28%.

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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