Hastings Group’s (HSTG) Overweight Rating Reiterated at Barclays

Barclays reissued their overweight rating on shares of Hastings Group (LON:HSTG) in a research note issued to investors on Monday morning, Digital Look reports. They currently have a GBX 246 ($3.21) price objective on the stock.

HSTG has been the topic of a number of other reports. Panmure Gordon assumed coverage on shares of Hastings Group in a report on Wednesday, May 22nd. They issued a sell rating and a GBX 145 ($1.89) target price on the stock. Numis Securities reaffirmed an add rating and issued a GBX 220 ($2.87) target price on shares of Hastings Group in a report on Thursday, February 28th. JPMorgan Chase & Co. cut their target price 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 report on Tuesday, March 5th. Canaccord Genuity boosted their price objective on shares of Hastings Group from GBX 240 ($3.14) to GBX 250 ($3.27) and gave the company a buy rating in a research note on Monday, March 4th. Finally, UBS Group reissued a neutral rating on shares of Hastings Group in a research note on Tuesday, April 23rd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company’s stock. Hastings Group has an average rating of Hold and an average target price of GBX 220.92 ($2.89).

Shares of Hastings Group stock opened at GBX 188 ($2.46) on Monday. The firm has a fifty day simple moving average of GBX 182.95. The firm has a market cap of $1.23 billion and a PE ratio of 9.49. Hastings Group has a 12 month low of GBX 169.50 ($2.21) and a 12 month high of GBX 277 ($3.62). The company has a quick ratio of 0.23, a current ratio of 0.92 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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