Hastings Group (HSTG) Stock Rating Reaffirmed by UBS Group

Hastings Group (LON:HSTG)‘s stock had its “neutral” rating reissued by investment analysts at UBS Group in a note issued to investors on Tuesday, investing.thisismoney.co.uk reports.

A number of other brokerages also recently issued reports on HSTG. Berenberg Bank cut their price objective on Hastings Group from GBX 334 ($4.36) to GBX 310 ($4.05) and set a “buy” rating for the company in a research report on Wednesday, July 25th. Peel Hunt reissued an “add” rating on shares of Hastings Group in a research report on Wednesday, August 8th. Shore Capital reissued an “under review” rating on shares of Hastings Group in a research report on Wednesday, August 8th. Numis Securities reissued an “add” rating on shares of Hastings Group in a research report on Wednesday, August 8th. Finally, Barclays cut their price objective on Hastings Group from GBX 270 ($3.53) to GBX 267 ($3.49) and set an “equal weight” rating for the company in a research report on Thursday, August 9th. Eight investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of GBX 250.79 ($3.28).

Shares of HSTG opened at GBX 186.70 ($2.44) on Tuesday. Hastings Group has a 52-week low of GBX 244 ($3.19) and a 52-week high of GBX 336.70 ($4.40).

In other news, insider Toby van der Meer bought 129,536 shares of the company’s stock in a transaction on Tuesday, September 18th. The stock was bought at an average cost of GBX 269 ($3.51) per share, with a total value of £348,451.84 ($455,314.05).

Hastings Group Company Profile

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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