Hastings Group (LON:HSTG) had its price objective increased by Shore Capital from GBX 205 ($2.68) to GBX 235 ($3.07) in a report released on Monday morning, ThisIsMoney.Co.Uk reports. Shore Capital currently has a buy rating on the stock.
Several other research firms also recently issued reports on HSTG. Morgan Stanley reaffirmed an overweight rating on shares of in a research note on Wednesday, June 19th. Canaccord Genuity lifted their price target on TransAlta Renewables from C$12.50 to C$13.00 in a research note on Monday, April 29th. Numis Securities reaffirmed a buy rating on shares of 3i Group in a research note on Thursday, May 16th. UBS Group raised China Unicom (Hong Kong) from a neutral rating to a buy rating in a research note on Monday, June 10th. Finally, JPMorgan Chase & Co. cut their price target on Teck Resources from C$56.00 to C$55.00 in a research note on Wednesday, April 24th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the stock. The stock has an average rating of Hold and a consensus target price of GBX 220.69 ($2.88).
Shares of LON:HSTG opened at GBX 192.30 ($2.51) on Monday. The stock has a market cap of $1.27 billion and a PE ratio of 9.71. The company has a quick ratio of 0.23, a current ratio of 0.92 and a debt-to-equity ratio of 39.03. Hastings Group has a 52 week low of GBX 169.50 ($2.21) and a 52 week high of GBX 277 ($3.62). The business has a fifty day simple moving average of GBX 188.97.
About Hastings Group
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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