Canaccord Genuity Reiterates Buy Rating for Hastings Group (HSTG)

Hastings Group (LON:HSTG)‘s stock had its “buy” rating reissued by investment analysts at Canaccord Genuity in a research report issued on Wednesday, April 10th, Digital Look reports. They currently have a GBX 250 ($3.27) target price on the stock. Canaccord Genuity’s target price would indicate a potential upside of 33.05% from the company’s previous close.

A number of other research analysts have also commented on the stock. JPMorgan Chase & Co. decreased their price target on shares of Hastings Group from GBX 250 ($3.27) to GBX 240 ($3.14) and set a “neutral” rating on the stock in a research note on Tuesday, March 5th. Berenberg Bank reiterated a “buy” rating and issued a GBX 265 ($3.46) price target on shares of Hastings Group in a research note on Friday, March 1st. Royal Bank of Canada reiterated a “sector performer” rating on shares of Hastings Group in a research note on Tuesday, December 11th. Numis Securities reiterated an “add” rating and issued a GBX 220 ($2.87) price target on shares of Hastings Group in a research note on Thursday, February 28th. Finally, Goldman Sachs Group raised their target price on shares of Hastings Group from GBX 202 ($2.64) to GBX 210 ($2.74) and gave the stock a “neutral” rating in a report on Tuesday, March 12th. Nine research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of GBX 227.82 ($2.98).

HSTG traded down GBX 1.20 ($0.02) during trading hours on Wednesday, hitting GBX 187.90 ($2.46). 580,579 shares of the company’s stock were exchanged, compared to its average volume of 1,190,000. Hastings Group has a 1-year low of GBX 169.50 ($2.21) and a 1-year high of GBX 286.60 ($3.74). The stock has a market capitalization of $1.24 billion and a price-to-earnings ratio of 9.49. 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 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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