Berenberg Bank Trims Hastings Group (LON:HSTG) Target Price to GBX 228

Hastings Group (LON:HSTG) had its price objective reduced by Berenberg Bank from GBX 240 ($3.14) to GBX 228 ($2.98) in a research note released on Monday, Digital Look reports. They currently have a buy rating on the stock.

A number of other brokerages also recently weighed in on HSTG. Panmure Gordon began coverage on Hastings Group in a report on Wednesday, May 22nd. They set a sell rating and a GBX 145 ($1.89) price target on the stock. Shore Capital lifted their price target on Hastings Group from GBX 205 ($2.68) to GBX 235 ($3.07) and gave the company a buy rating in a report on Monday. Royal Bank of Canada reiterated a sell rating on shares of Intel in a report on Monday. Numis Securities reiterated a buy rating on shares of 3i Group in a report on Thursday, May 16th. Finally, Canaccord Genuity lifted their price objective on TransAlta Renewables from C$12.50 to C$13.00 in a research report on Monday, April 29th. One analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of Hold and an average target price of GBX 220.69 ($2.88).

Shares of HSTG stock opened at GBX 198.40 ($2.59) on Monday. Hastings Group has a 1-year low of GBX 169.50 ($2.21) and a 1-year high of GBX 277 ($3.62). 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 stock has a market capitalization of $1.31 billion and a P/E ratio of 10.02. The company’s fifty day simple moving average is GBX 188.97.

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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Analyst Recommendations for Hastings Group (LON:HSTG)

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