Hastings Group (LON:HSTG) had its price target decreased by Royal Bank of Canada from GBX 195 ($2.55) to GBX 190 ($2.48) in a research report released on Monday, ThisIsMoney.Co.Uk reports. Royal Bank of Canada currently has a sector performer rating on the stock.
Several other research firms also recently weighed in on HSTG. JPMorgan Chase & Co. raised Hastings Group to an overweight rating and raised their price objective for the company from GBX 240 ($3.14) to GBX 265 ($3.46) in a report on Wednesday, April 24th. Credit Suisse Group cut their price objective 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. Canaccord Genuity cut 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 report on Monday, April 29th. Peel Hunt reaffirmed an add rating and set a GBX 220 ($2.87) target price (down from GBX 240 ($3.14)) on shares of Hastings Group in a report on Thursday, August 8th. Finally, UBS Group reaffirmed a neutral rating on shares of Hastings Group in a report on Tuesday, July 30th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the stock. The company presently has a consensus rating of Hold and an average price target of GBX 210.79 ($2.75).
LON HSTG opened at GBX 181 ($2.37) on Monday. The company has a quick ratio of 0.23, a current ratio of 0.91 and a debt-to-equity ratio of 40.13. Hastings Group has a twelve month low of GBX 169.50 ($2.21) and a twelve month high of GBX 277 ($3.62). The company has a market cap of $1.20 billion and a price-to-earnings ratio of 12.48. The business’s fifty day moving average is GBX 195.78 and its 200 day moving average is GBX 201.82.
The business also recently announced a dividend, which will be paid on Friday, November 8th. Shareholders of record on Thursday, October 3rd will be issued a dividend of GBX 4.50 ($0.06) per share. This represents a yield of 2.54%. The ex-dividend date of this dividend is Thursday, October 3rd. Hastings Group’s payout ratio is presently 0.97%.
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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