Hastings Group’s (HSTG) Add Rating Reaffirmed at Numis Securities

Numis Securities restated their add rating on shares of Hastings Group (LON:HSTG) in a report released on Thursday morning, ThisIsMoney.Co.Uk reports.

Several other analysts have also recently commented on HSTG. Peel Hunt restated an add rating on shares of Hastings Group in a report on Thursday, February 28th. Canaccord Genuity increased their target price on Hastings Group from GBX 240 ($3.14) to GBX 250 ($3.27) and gave the stock a buy rating in a report on Monday, March 4th. Berenberg Bank restated a buy rating and set a GBX 265 ($3.46) target price on shares of Hastings Group in a report on Friday, March 1st. Finally, Shore Capital restated a buy rating on shares of Hastings Group in a report on Thursday, February 28th. Eight analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock has an average rating of Hold and an average target price of GBX 227.82 ($2.98).

Hastings Group stock opened at GBX 185.70 ($2.43) on Thursday. The company has a debt-to-equity ratio of 39.03, a current ratio of 0.92 and a quick ratio of 0.23. Hastings Group has a 52-week low of GBX 169.50 ($2.21) and a 52-week high of GBX 277 ($3.62). The firm has a market cap of $1.23 billion and a price-to-earnings ratio of 9.38.

The firm also recently announced a dividend, which will be paid on Friday, May 31st. Stockholders of record on Thursday, April 18th will be issued a dividend of GBX 9 ($0.12) per share. This represents a dividend yield of 4.13%. The ex-dividend date of this dividend is Thursday, April 18th. This is a boost from Hastings Group’s previous dividend of $4.50. Hastings Group’s dividend payout ratio is presently 0.71%.

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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