Hastings Group (LON:HSTG) Rating Reiterated by UBS Group

UBS Group reiterated their neutral rating on shares of Hastings Group (LON:HSTG) in a report published on Tuesday morning, ThisIsMoney.Co.Uk reports.

Several other research firms have also issued reports on HSTG. Barclays reissued an overweight rating and issued a GBX 246 ($3.21) price target on shares of Hastings Group in a research report on Monday, June 24th. Shore Capital boosted their price target on shares of Hastings Group from GBX 205 ($2.68) to GBX 235 ($3.07) and gave the company a buy rating in a research report on Monday, July 15th. Royal Bank of Canada lowered their price target on shares of Hastings Group from GBX 225 ($2.94) to GBX 220 ($2.87) and set a sector performer rating on the stock in a research report on Monday, July 15th. Numis Securities reissued an add rating on shares of Hastings Group in a research report on Thursday, May 16th. Finally, Canaccord Genuity lowered their price target on shares of Hastings Group from GBX 250 ($3.27) to GBX 235 ($3.07) and set a buy rating on the stock in a research report on Monday, April 29th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus target price of GBX 220.69 ($2.88).

LON HSTG opened at GBX 192.50 ($2.52) on Tuesday. The company has a 50 day simple moving average of GBX 193.96. 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 current ratio of 0.92, a quick ratio of 0.23 and a debt-to-equity ratio of 39.03. The company has a market capitalization of $1.27 billion and a price-to-earnings ratio of 9.72.

About Hastings Group

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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