Hastings Group Hldg PLC (LON:HSTG) had its price objective hoisted by equities research analysts at J P Morgan Chase & Co from GBX 290 ($3.83) to GBX 315 ($4.16) in a note issued to investors on Thursday, July 20th. The firm presently has a “neutral” rating on the stock. J P Morgan Chase & Co’s price objective suggests a potential downside of 2.51% from the stock’s previous close.
A number of other equities analysts have also commented on HSTG. Royal Bank Of Canada lifted their price target on shares of Hastings Group Hldg PLC from GBX 240 ($3.17) to GBX 260 ($3.43) and gave the company a “sector perform” rating in a research report on Thursday, March 30th. Barclays PLC lowered shares of Hastings Group Hldg PLC to an “equal weight” rating and lifted their price target for the company from GBX 247 ($3.26) to GBX 276 ($3.64) in a research report on Tuesday, April 18th. Berenberg Bank lifted their price target on shares of Hastings Group Hldg PLC from GBX 253 ($3.34) to GBX 315 ($4.16) and gave the company a “buy” rating in a research report on Friday, April 21st. Shore Capital reaffirmed a “sell” rating on shares of Hastings Group Hldg PLC in a research report on Friday, April 28th. Finally, Beaufort Securities reaffirmed a “buy” rating on shares of Hastings Group Hldg PLC in a research report on Tuesday, May 2nd. Three research analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. Hastings Group Hldg PLC currently has an average rating of “Hold” and a consensus target price of GBX 285.22 ($3.76).
Shares of Hastings Group Hldg PLC (LON:HSTG) traded down 0.46% on Thursday, hitting GBX 323.10. 217,709 shares of the stock traded hands. The stock’s market cap is GBX 2.12 billion. Hastings Group Hldg PLC has a 12-month low of GBX 186.80 and a 12-month high of GBX 333.70. The stock has a 50-day moving average price of GBX 311.94 and a 200 day moving average price of GBX 279.43.
WARNING: “J P Morgan Chase & Co Raises Hastings Group Hldg PLC (LON:HSTG) Price Target to GBX 315” was reported by StockNewsTimes and is the property of of StockNewsTimes. If you are accessing this piece on another website, it was illegally copied and republished in violation of U.S. and international trademark & copyright law. The legal version of this piece can be read at https://stocknewstimes.com/2017/08/06/hastings-group-hldg-plc-lonhstg-price-target-raised-to-gbx-315-updated-updated.html.
In other Hastings Group Hldg PLC news, insider Richard Hoskins purchased 811,165 shares of the firm’s stock in a transaction on Monday, June 12th. The shares were purchased at an average price of GBX 319 ($4.21) per share, for a total transaction of £2,587,616.35 ($3,413,291.58). Also, insider Richard Mark Brewster sold 50,000 shares of Hastings Group Hldg PLC stock in a transaction on Wednesday, May 31st. The stock was sold at an average price of GBX 317 ($4.18), for a total transaction of £158,500 ($209,075.32).
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.
Receive News & Ratings for Hastings Group Hldg PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hastings Group Hldg PLC and related companies with MarketBeat.com's FREE daily email newsletter.
