Hastings Group (LON:HSTG) Stock Rating Reaffirmed by UBS Group
Hastings Group (LON:HSTG)‘s stock had its “neutral” rating reissued by research analysts at UBS Group in a research report issued on Monday, ThisIsMoney.Co.Uk reports.
A number of other brokerages have also weighed in on HSTG. Peel Hunt reissued an “add” rating on shares of Hastings Group in a research note on Thursday, February 28th. Berenberg Bank reissued a “buy” rating and set a GBX 265 ($3.46) price target on shares of Hastings Group in a research note on Friday, March 1st. Shore Capital reissued a “buy” rating on shares of Hastings Group in a research note on Thursday, February 28th. Canaccord Genuity reduced their price target on Hastings Group from GBX 250 ($3.27) to GBX 235 ($3.07) and set a “buy” rating on the stock in a research note on Monday, April 29th. Finally, Goldman Sachs Group reissued a “neutral” rating on shares of Hastings Group in a research note on Wednesday, February 27th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of GBX 220.92 ($2.89).
Shares of Hastings Group stock opened at GBX 179.30 ($2.34) on Monday. Hastings Group has a fifty-two week low of GBX 169.50 ($2.21) and a fifty-two week high of GBX 277 ($3.62). The firm has a market cap of $1.18 billion and a price-to-earnings ratio of 9.06. The company has a debt-to-equity ratio of 39.03, a quick ratio of 0.23 and a current ratio of 0.92.
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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