Hastings Group (HSTG) Price Target Lowered to GBX 209.90 at Goldman Sachs Group

Hastings Group (LON:HSTG) had its target price reduced by Goldman Sachs Group from GBX 269.90 ($3.53) to GBX 209.90 ($2.74) in a research note released on Tuesday morning. They currently have a neutral rating on the stock.

Other equities research analysts have also issued research reports about the company. Barclays lowered their target price on Hastings Group from GBX 270 ($3.53) to GBX 267 ($3.49) and set an equal weight rating for the company in a research note on Thursday, August 9th. Berenberg Bank lowered their target price on Hastings Group from GBX 334 ($4.36) to GBX 310 ($4.05) and set a buy rating for the company in a research note on Wednesday, July 25th. Peel Hunt reissued an add rating and issued a GBX 300 ($3.92) target price on shares of Hastings Group in a research note on Wednesday, August 15th. Shore Capital reissued an under review rating on shares of Hastings Group in a research note on Wednesday, August 8th. Finally, Numis Securities reissued an add rating on shares of Hastings Group in a research note on Wednesday, August 8th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. Hastings Group has an average rating of Hold and a consensus target price of GBX 259.79 ($3.39).

HSTG stock traded up GBX 2.60 ($0.03) during mid-day trading on Tuesday, hitting GBX 196.50 ($2.57). 1,795,809 shares of the stock were exchanged, compared to its average volume of 1,190,000. Hastings Group has a 12 month low of GBX 244 ($3.19) and a 12 month high of GBX 336.70 ($4.40).

In related news, insider Toby van der Meer bought 129,536 shares of the stock in a transaction dated Tuesday, September 18th. The stock was bought at an average price of GBX 269 ($3.51) per share, with a total value of £348,451.84 ($455,314.05).

About Hastings Group

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.

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