Barclays Boosts Hastings Group (LON:HSTG) Price Target to GBX 211

Hastings Group (LON:HSTG) had its price target boosted by Barclays from GBX 209 ($2.73) to GBX 211 ($2.76) in a research note released on Wednesday morning, Stock Target Advisor reports. Barclays currently has an overweight rating on the stock.

Several other equities research analysts have also recently weighed in on HSTG. Peel Hunt reiterated an add rating on shares of Hastings Group in a research note on Tuesday, November 19th. Shore Capital restated a buy rating on shares of Hastings Group in a research note on Friday, October 25th. Goldman Sachs Group raised Hastings Group to a buy rating in a report on Tuesday, September 3rd. Credit Suisse Group reduced their price objective on Hastings Group from GBX 200 ($2.61) to GBX 195 ($2.55) and set a neutral rating for the company in a research report on Monday, August 12th. Finally, Royal Bank of Canada decreased their price objective on Hastings Group from GBX 170 ($2.22) to GBX 165 ($2.16) and set an underperform rating on the stock in a report on Tuesday, October 29th. Two research analysts have 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 stock has a consensus rating of Hold and a consensus price target of GBX 200.92 ($2.63).

Shares of HSTG opened at GBX 176.30 ($2.30) on Wednesday. The company has a 50-day simple moving average of GBX 179.88 and a 200-day simple moving average of GBX 188.32. The firm has a market capitalization of $1.17 billion and a P/E ratio of 12.16. The company has a debt-to-equity ratio of 40.13, a quick ratio of 0.23 and a current ratio of 0.91. Hastings Group has a 52 week low of GBX 167.70 ($2.19) and a 52 week high of GBX 234.60 ($3.07).

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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Analyst Recommendations for Hastings Group (LON:HSTG)

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