Hastings Group (HSTG) Earns Neutral Rating from Goldman Sachs Group

Goldman Sachs Group restated their neutral rating on shares of Hastings Group (LON:HSTG) in a report issued on Wednesday morning.

A number of other research analysts have also issued reports on the stock. Barclays upgraded shares of Hastings Group to an overweight rating in a research note on Friday, November 23rd. Royal Bank of Canada reiterated a sector performer rating on shares of Hastings Group in a research note on Tuesday, December 11th. BNP Paribas upgraded shares of Hastings Group to a neutral rating and dropped their price target for the stock from GBX 245 ($3.20) to GBX 220 ($2.87) in a research note on Monday, November 19th. Berenberg Bank dropped their price target on shares of Hastings Group from GBX 310 ($4.05) to GBX 265 ($3.46) and set a buy rating on the stock in a research note on Thursday, November 15th. Finally, Shore Capital upgraded shares of Hastings Group to a buy rating in a research note on Friday, January 11th. Nine analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of Hold and a consensus target price of GBX 241.19 ($3.15).

Shares of Hastings Group stock opened at GBX 226.60 ($2.96) on Wednesday. Hastings Group has a 52-week low of GBX 244 ($3.19) and a 52-week high of GBX 336.70 ($4.40).

The business also recently announced a dividend, which will be paid on Friday, May 31st. Shareholders of record on Thursday, April 18th will be given a dividend of GBX 9 ($0.12) per share. This is a positive change from Hastings Group’s previous dividend of $4.50. This represents a yield of 4.13%. The ex-dividend date of this dividend is Thursday, April 18th.

Hastings Group Company Profile

Hastings Group Holdings plc, together with its subsidiaries, provides general insurance products in the United Kingdom. The company operates in two segments, Underwriting and Retail. 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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