Hastings Group Hldg PLC (LON:HSTG) had its price target upped by stock analysts at HSBC Holdings PLC from GBX 230 ($3.03) to GBX 260 ($3.42) in a research report issued on Thursday. The firm currently has a “reduce” rating on the stock. HSBC Holdings PLC’s price objective would indicate a potential downside of 15.20% from the company’s current price.
Other analysts also recently issued reports about the company. Credit Suisse Group restated an “outperform” rating and issued a GBX 350 ($4.60) price target on shares of Hastings Group Hldg PLC in a research note on Friday, August 11th. Peel Hunt restated an “add” rating and issued a GBX 340 ($4.47) price target on shares of Hastings Group Hldg PLC in a research note on Tuesday, August 1st. Beaufort Securities restated a “buy” rating on shares of Hastings Group Hldg PLC in a research note on Thursday, August 10th. Barclays PLC restated an “equal weight” rating on shares of Hastings Group Hldg PLC in a research note on Thursday, August 10th. Finally, Shore Capital restated a “sell” rating on shares of Hastings Group Hldg PLC in a research note on Monday, August 7th. Four analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of GBX 294.27 ($3.87).
Shares of Hastings Group Hldg PLC (LON:HSTG) opened at GBX 306.60 ($4.03) on Thursday. Hastings Group Hldg PLC has a one year low of GBX 206.30 ($2.71) and a one year high of GBX 336.70 ($4.43).
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.
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