Hastings Group (LON:HSTG) PT Lowered to GBX 190

Hastings Group (LON:HSTG) had its target price dropped by investment analysts at Royal Bank of Canada from GBX 195 ($2.55) to GBX 190 ($2.48) in a note issued to investors on Monday, ThisIsMoney.Co.Uk reports. The firm presently has a “sector performer” rating on the stock. Royal Bank of Canada’s price objective would suggest a potential upside of 2.43% from the stock’s previous close.

A number of other research firms have also recently weighed in on HSTG. Credit Suisse Group lowered their price target on 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. Barclays lowered their price target on Hastings Group from GBX 250 ($3.27) to GBX 220 ($2.87) and set an “overweight” rating on the stock in a report on Friday, August 9th. Peel Hunt restated an “add” rating and issued a GBX 220 ($2.87) price target (down previously from GBX 240 ($3.14)) on shares of Hastings Group in a report on Thursday, August 8th. Panmure Gordon assumed coverage on Hastings Group in a report on Wednesday, May 22nd. They issued a “sell” rating and a GBX 145 ($1.89) price target on the stock. Finally, Berenberg Bank lowered their price target on Hastings Group from GBX 228 ($2.98) to GBX 221 ($2.89) and set a “buy” rating on the stock in a report on Friday, August 9th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company. Hastings Group presently has a consensus rating of “Hold” and an average price target of GBX 210.79 ($2.75).

HSTG opened at GBX 185.50 ($2.42) on Monday. The firm has a market cap of $1.23 billion and a PE ratio of 9.37. The company has a current ratio of 0.92, a quick ratio of 0.23 and a debt-to-equity ratio of 39.03. The stock has a 50 day moving average price of GBX 195.95. Hastings Group has a 1-year low of GBX 169.50 ($2.21) and a 1-year high of GBX 277 ($3.62).



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.

See Also: What is the NASDAQ Stock Market?

Analyst Recommendations for Hastings Group (LON:HSTG)

Receive News & Ratings for Hastings Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hastings Group and related companies with MarketBeat.com's FREE daily email newsletter.