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

Peel Hunt reissued their add rating on shares of Hastings Group (LON:HSTG) in a report published on Tuesday.

Several other equities research analysts also recently weighed in on HSTG. Shore Capital reaffirmed an under review rating on shares of Hastings Group in a research report on Wednesday, August 8th. Numis Securities reaffirmed an add rating on shares of Hastings Group in a research report on Wednesday, August 8th. Barclays decreased their target price 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. JPMorgan Chase & Co. decreased their target price on Hastings Group from GBX 315 ($4.12) to GBX 285 ($3.72) and set a neutral rating for the company in a research report on Friday, October 5th. Finally, UBS Group reaffirmed a neutral rating and issued a GBX 257 ($3.36) target price on shares of Hastings Group in a research report on Tuesday, October 9th. Eight research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of Hold and a consensus target price of GBX 245.79 ($3.21).

Shares of LON HSTG opened at GBX 175.40 ($2.29) on Tuesday. Hastings Group has a 1-year low of GBX 244 ($3.19) and a 1-year high of GBX 336.70 ($4.40).

In other Hastings Group news, insider Toby van der Meer purchased 129,536 shares of the business’s stock in a transaction that occurred on Tuesday, September 18th. The shares were acquired at an average price of GBX 269 ($3.51) per share, for a total transaction 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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