Hastings Group (LON:HSTG) had its price target lowered by Royal Bank of Canada from GBX 195 ($2.55) to GBX 190 ($2.48) in a research report report published on Monday, ThisIsMoney.Co.Uk reports. Royal Bank of Canada currently has a sector performer rating on the stock.
HSTG has been the topic of a number of other research reports. Berenberg Bank lowered their target price on Hastings Group from GBX 228 ($2.98) to GBX 221 ($2.89) and set a buy rating on the stock in a research note on Friday, August 9th. Canaccord Genuity lowered their target price 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. Peel Hunt reiterated an add rating and set a GBX 220 ($2.87) target price (down previously from GBX 240 ($3.14)) on shares of Hastings Group in a research note on Thursday, August 8th. Morgan Stanley reiterated an equal weight rating on shares of Hastings Group in a research note on Wednesday, June 19th. Finally, Shore Capital reiterated a buy rating on shares of Hastings Group in a research note on Thursday, August 8th. One analyst has rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the stock. The company has a consensus rating of Hold and an average price target of GBX 210.79 ($2.75).
Shares of LON HSTG opened at GBX 181 ($2.37) on Monday. The firm has a market cap of $1.20 billion and a P/E ratio of 12.48. The company has a current ratio of 0.91, a quick ratio of 0.23 and a debt-to-equity ratio of 40.13. Hastings Group has a 1-year low of GBX 169.50 ($2.21) and a 1-year high of GBX 277 ($3.62). The business’s 50 day moving average is GBX 195.78 and its 200-day moving average is GBX 201.82.
Hastings Group Company Profile
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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