Equities research analysts at Panmure Gordon assumed coverage on shares of Hastings Group (LON:HSTG) in a research report issued on Wednesday, May 22nd, ThisIsMoney.Co.Uk reports. The firm set a “sell” rating and a GBX 145 ($1.89) price target on the stock. Panmure Gordon’s price target would suggest a potential downside of 19.98% from the stock’s current price.
A number of other analysts have also recently weighed in on HSTG. Peel Hunt decreased their price objective on Hastings Group from GBX 260 ($3.40) to GBX 255 ($3.33) and set an “add” rating for the company in a research report on Tuesday, March 19th. Canaccord Genuity reissued a “buy” rating and issued a GBX 250 ($3.27) price target on shares of Hastings Group in a report on Wednesday, April 10th. Numis Securities reissued an “add” rating and issued a GBX 220 ($2.87) price target on shares of Hastings Group in a report on Thursday, February 28th. Goldman Sachs Group raised their price target on Hastings Group from GBX 202 ($2.64) to GBX 210 ($2.74) and gave the company a “neutral” rating in a report on Tuesday, March 12th. Finally, Shore Capital reissued a “buy” rating on shares of Hastings Group in a report on Thursday, February 28th. One research 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. The company presently has an average rating of “Hold” and a consensus price target of GBX 220.92 ($2.89).
Hastings Group stock traded down GBX 0.40 ($0.01) during mid-day trading on Wednesday, reaching GBX 181.20 ($2.37). 384,315 shares of the company were exchanged, compared to its average volume of 1,190,000. Hastings Group has a twelve month low of GBX 169.50 ($2.21) and a twelve 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 stock has a market capitalization of $1.20 billion and a price-to-earnings ratio of 9.15.
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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