Hastings Group (LON:HSTG) PT Lowered to GBX 228

Hastings Group (LON:HSTG) had its price objective lowered by Berenberg Bank from GBX 240 ($3.14) to GBX 228 ($2.98) in a research note published on Monday, Digital Look reports. Berenberg Bank currently has a buy rating on the stock.

HSTG has been the subject of several other reports. Numis Securities reiterated a buy rating on shares of 3i Group in a report on Thursday, May 16th. Barclays reiterated an overweight rating and issued a GBX 310 ($4.05) price objective on shares of in a research note on Monday, June 24th. Shore Capital lifted their price objective on Hastings Group from GBX 205 ($2.68) to GBX 235 ($3.07) and gave the stock a buy rating in a research note on Monday. Peel Hunt reiterated a buy rating and issued a GBX 360 ($4.70) price objective (up from GBX 325 ($4.25)) on shares of Rotork in a research note on Friday, April 26th. Finally, Panmure Gordon initiated coverage on Hastings Group in a research note on Wednesday, May 22nd. They issued a sell rating and a GBX 145 ($1.89) price objective on the stock. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average price target of GBX 220.69 ($2.88).

Shares of LON:HSTG opened at GBX 196.11 ($2.56) on Monday. The company has a current ratio of 0.92, a quick ratio of 0.23 and a debt-to-equity ratio of 39.03. 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’s fifty day moving average price is GBX 188.65. The stock has a market capitalization of $1.29 billion and a price-to-earnings ratio of 9.90.

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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