Hastings Group (HSTG) Given “Add” Rating at Peel Hunt

Peel Hunt restated their add rating on shares of Hastings Group (LON:HSTG) in a report released on Friday.

Other equities research analysts have also issued reports about the stock. Numis Securities began coverage on shares of Hastings Group in a research note on Thursday, April 26th. They set an add rating and a GBX 295 ($4.00) target price for the company. JPMorgan Chase upgraded shares of Hastings Group to an overweight rating and decreased their target price for the company from GBX 350 ($4.75) to GBX 335 ($4.54) in a research note on Thursday, March 22nd. Barclays reiterated an equal weight rating and set a GBX 332 ($4.50) target price on shares of Hastings Group in a research note on Tuesday, February 6th. HSBC upgraded Hastings Group to a hold rating in a research note on Wednesday, May 9th. Finally, Berenberg Bank upped their price objective on Hastings Group from GBX 315 ($4.27) to GBX 341 ($4.63) and gave the stock a buy rating in a research note on Wednesday, February 14th. Four research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company. Hastings Group has an average rating of Hold and an average target price of GBX 294.33 ($3.99).

LON:HSTG opened at GBX 270.40 ($3.67) on Friday. Hastings Group has a one year low of GBX 244 ($3.31) and a one year high of GBX 336.70 ($4.57).

Hastings Group (LON:HSTG) last announced its earnings results on Thursday, March 1st. The company reported GBX 22 ($0.30) earnings per share for the quarter, beating analysts’ consensus estimates of GBX 21.60 ($0.29) by GBX 0.40 ($0.01). The business had revenue of £856.10 million during the quarter. Hastings Group had a net margin of 18.57% and a return on equity of 23.22%.

The business also recently disclosed a dividend, which will be paid on Thursday, May 31st. Stockholders of record on Thursday, May 3rd will be paid a GBX 8.50 ($0.12) dividend. This represents a dividend yield of 3.09%. This is a positive change from Hastings Group’s previous dividend of $4.10. The ex-dividend date is Thursday, May 3rd.

Hastings Group Company Profile

Hastings Group Holdings plc, together with its subsidiaries, provides general insurance products in the United Kingdom. The company operates in two segments, Underwriting and Retail. 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.

Analyst Recommendations for Hastings Group (LON:HSTG)

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