Hastings Group Hldg PLC (LON:HSTG) has earned a consensus recommendation of “Hold” from the fourteen ratings firms that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is GBX 208.25 ($2.72).
Several analysts have commented on HSTG shares. UBS Group restated a “neutral” rating on shares of Hastings Group in a report on Tuesday, July 30th. Barclays raised their target price on shares of Hastings Group from GBX 220 ($2.87) to GBX 225 ($2.94) and gave the stock an “overweight” rating in a report on Tuesday, September 3rd. Peel Hunt restated an “add” rating on shares of Hastings Group in a report on Friday, October 4th. Shore Capital restated a “buy” rating on shares of Hastings Group in a report on Thursday, August 8th. Finally, Credit Suisse Group dropped their target price on shares of Hastings Group from GBX 200 ($2.61) to GBX 195 ($2.55) and set a “neutral” rating on the stock in a report on Monday, August 12th.
HSTG stock traded up GBX 1.20 ($0.02) during mid-day trading on Thursday, hitting GBX 186.90 ($2.44). 210,701 shares of the company were exchanged, compared to its average volume of 1,190,000. The company has a debt-to-equity ratio of 40.13, a quick ratio of 0.23 and a current ratio of 0.91. The firm has a market cap of $1.24 billion and a P/E ratio of 12.89. The firm’s 50 day simple moving average is GBX 193.10 and its 200 day simple moving average is GBX 196.26. Hastings Group has a 1-year low of GBX 169.50 ($2.21) and a 1-year high of GBX 245.20 ($3.20).
The firm also recently declared a dividend, which will be paid on Friday, November 8th. Stockholders of record on Thursday, October 3rd will be paid a dividend of GBX 4.50 ($0.06) per share. The ex-dividend date is Thursday, October 3rd. This represents a dividend yield of 2.54%. Hastings Group’s dividend payout ratio is currently 0.97%.
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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