Hastings Group (LON:HSTG) Receives “Neutral” Rating from UBS Group

UBS Group reissued their neutral rating on shares of Hastings Group (LON:HSTG) in a research note published on Monday morning, ThisIsMoney.Co.Uk reports.

Other analysts have also recently issued reports about the company. Peel Hunt cut their price objective on Hastings Group from GBX 260 ($3.40) to GBX 255 ($3.33) and set an add rating for the company in a research report on Tuesday, March 19th. Numis Securities restated an add rating and issued a GBX 220 ($2.87) price objective on shares of Hastings Group in a research report on Thursday, February 28th. Canaccord Genuity boosted their price objective on Hastings Group from GBX 240 ($3.14) to GBX 250 ($3.27) and gave the company a buy rating in a research report on Monday, March 4th. Berenberg Bank restated a buy rating and issued a GBX 265 ($3.46) price objective on shares of Hastings Group in a research report on Friday, March 1st. Finally, Shore Capital restated a buy rating on shares of Hastings Group in a research report on Thursday, February 28th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company’s stock. Hastings Group currently has an average rating of Hold and a consensus price target of GBX 220.92 ($2.89).

Hastings Group stock opened at GBX 181 ($2.37) on Monday. The company has a market capitalization of $1.20 billion and a PE ratio of 9.14. Hastings Group has a 12 month low of GBX 169.50 ($2.21) and a 12 month high of GBX 277 ($3.62). The company has a debt-to-equity ratio of 39.03, a current ratio of 0.92 and a quick ratio of 0.23.

Hastings Group Company Profile

Hastings Group Holdings plc, together with its subsidiaries, underwrites general insurance products in the United Kingdom. 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.

Further Reading: What is a blue-chip stock?

Analyst Recommendations for Hastings Group (LON:HSTG)

Receive News & Ratings for Hastings Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hastings Group and related companies with MarketBeat.com's FREE daily email newsletter.