Hastings Group Hldg PLC (LON:HSTG) has been given a consensus rating of “Hold” by the eleven research firms that are covering the stock. Three research analysts have rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is GBX 204.25 ($2.67).
HSTG has been the topic of a number of research analyst reports. HSBC lowered shares of Hastings Group Hldg PLC to a “reduce” rating and set a GBX 193 ($2.52) price target on the stock. in a report on Thursday, September 8th. Peel Hunt lifted their price target on shares of Hastings Group Hldg PLC from GBX 210 ($2.74) to GBX 240 ($3.13) and gave the company a “buy” rating in a report on Tuesday, August 23rd. Barclays PLC reiterated an “overweight” rating on shares of Hastings Group Hldg PLC in a report on Thursday, September 22nd. Berenberg Bank reissued a “buy” rating and issued a GBX 234 ($3.05) target price on shares of Hastings Group Hldg PLC in a research note on Friday, September 16th. Finally, JPMorgan Chase & Co. reissued an “overweight” rating and issued a GBX 240 ($3.13) target price on shares of Hastings Group Hldg PLC in a research note on Friday, August 12th.
Hastings Group Hldg PLC (LON:HSTG) opened at 213.70 on Wednesday. The company’s 50 day moving average is GBX 221.69 and its 200-day moving average is GBX 192.26. Hastings Group Hldg PLC has a 52 week low of GBX 143.24 and a 52 week high of GBX 240.70. The firm’s market cap is GBX 1.40 billion.
The company also recently declared a dividend, which will be paid on Friday, November 4th. Investors of record on Thursday, October 6th will be paid a dividend of GBX 3.30 ($0.04) per share. This is an increase from Hastings Group Hldg PLC’s previous dividend of $2.20. The ex-dividend date is Thursday, October 6th. This represents a yield of 1.56%.
About Hastings Group Hldg PLC
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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