Hastings Group (LON:HSTG) Price Target Raised to GBX 235

Hastings Group (LON:HSTG) had its price objective upped by Shore Capital from GBX 205 ($2.68) to GBX 235 ($3.07) in a research note published on Monday, ThisIsMoney.Co.Uk reports. They currently have a buy rating on the stock.

HSTG has been the subject of several other reports. Barclays reissued an overweight rating and issued a GBX 310 ($4.05) price target on shares of in a report on Monday, June 24th. Berenberg Bank raised their price target on shares of Jupiter Fund Management from GBX 357 ($4.66) to GBX 360 ($4.70) and gave the company a hold rating in a report on Tuesday, April 30th. UBS Group raised shares of China Unicom (Hong Kong) from a neutral rating to a buy rating in a report on Monday, June 10th. JPMorgan Chase & Co. cut their price target on shares of Teck Resources from C$56.00 to C$55.00 in a report on Wednesday, April 24th. Finally, Canaccord Genuity raised their price target on shares of TransAlta Renewables from C$12.50 to C$13.00 in a report on Monday, April 29th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company’s stock. Hastings Group has a consensus rating of Hold and a consensus target price of GBX 220.69 ($2.88).

Hastings Group stock opened at GBX 195.50 ($2.55) on Monday. The firm has a 50 day simple moving average of GBX 188.65. 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 has a 1-year low of GBX 169.50 ($2.21) and a 1-year high of GBX 277 ($3.62). The stock has a market cap of $1.29 billion and a price-to-earnings ratio of 9.87.

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.

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Analyst Recommendations for Hastings Group (LON:HSTG)

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