Shares of Hastings Group Hldg PLC (LON:HSTG) have been assigned an average recommendation of “Hold” from the thirteen research firms that are presently covering the stock, Marketbeat Ratings reports. Nine investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is GBX 229.44 ($3.00).
A number of equities research analysts recently weighed in on the company. Numis Securities reaffirmed an “add” rating and set a GBX 220 ($2.87) price target on shares of Hastings Group in a report on Thursday, February 28th. JPMorgan Chase & Co. dropped their price target on Hastings Group from GBX 250 ($3.27) to GBX 240 ($3.14) and set a “neutral” rating for the company in a report on Tuesday, March 5th. Goldman Sachs Group reiterated a “neutral” rating on shares of Hastings Group in a research report on Wednesday, February 27th. Berenberg Bank reiterated a “buy” rating and issued a GBX 265 ($3.46) price objective on shares of Hastings Group in a research report on Friday, March 1st. Finally, Canaccord Genuity increased their price objective on Hastings Group from GBX 240 ($3.14) to GBX 250 ($3.27) and gave the company a “buy” rating in a research report on Monday, March 4th.
HSTG stock opened at GBX 215 ($2.81) on Friday. Hastings Group has a fifty-two week low of GBX 169.50 ($2.21) and a fifty-two week high of GBX 292 ($3.82). The firm has a market cap of $1.41 billion and a P/E ratio of 10.86. The company has a quick ratio of 0.23, a current ratio of 0.92 and a debt-to-equity ratio of 39.03.
The company also recently disclosed a dividend, which will be paid on Friday, May 31st. Shareholders of record on Thursday, April 18th will be given a GBX 9 ($0.12) dividend. This represents a yield of 4.13%. This is a positive change from Hastings Group’s previous dividend of $4.50. The ex-dividend date of this dividend is Thursday, April 18th. Hastings Group’s dividend payout ratio (DPR) is presently 0.71%.
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.
Further Reading: Cost of Equity
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