Credit Suisse Group AG Reiterates “Outperform” Rating for Hastings Group Hldg PLC (HSTG)

Hastings Group Hldg PLC (LON:HSTG)‘s stock had its “outperform” rating reiterated by research analysts at Credit Suisse Group AG in a research note issued to investors on Tuesday. They presently have a GBX 290 ($3.58) price objective on the stock. Credit Suisse Group AG’s price target would suggest a potential upside of 16.05% from the stock’s current price.

Other equities research analysts have also issued research reports about the company. Peel Hunt reaffirmed a “buy” rating and set a GBX 240 ($2.96) price target on shares of Hastings Group Hldg PLC in a research note on Monday, February 27th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 234 ($2.89) price target on shares of Hastings Group Hldg PLC in a research note on Thursday, February 9th. Beaufort Securities reaffirmed a “buy” rating on shares of Hastings Group Hldg PLC in a research note on Friday, March 3rd. Goldman Sachs Group Inc lifted their price target on Hastings Group Hldg PLC from GBX 248 ($3.06) to GBX 253 ($3.12) and gave the stock a “neutral” rating in a research note on Friday, March 3rd. Finally, Barclays PLC lifted their price target on Hastings Group Hldg PLC from GBX 238 ($2.94) to GBX 239 ($2.95) and gave the stock an “overweight” rating in a research note on Monday, December 12th. Three research analysts have rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of GBX 234.38 ($2.89).

Analyst Recommendations for Hastings Group Hldg PLC (LON:HSTG)

Shares of Hastings Group Hldg PLC (LON:HSTG) opened at 257.50 on Tuesday. The company’s 50 day moving average price is GBX 234.08 and its 200 day moving average price is GBX 226.11. Hastings Group Hldg PLC has a 12 month low of GBX 158.60 and a 12 month high of GBX 260.60. The company’s market cap is GBX 1.69 billion.

The business also recently disclosed a dividend, which will be paid on Wednesday, May 31st. Stockholders of record on Thursday, May 4th will be issued a GBX 6.60 ($0.08) dividend. The ex-dividend date is Thursday, May 4th. This represents a dividend yield of 2.85%. This is an increase from Hastings Group Hldg PLC’s previous dividend of $3.30.

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In other news, insider Richard Mark Brewster sold 9,000,001 shares of Hastings Group Hldg PLC stock in a transaction dated Tuesday, February 21st. The stock was sold at an average price of GBX 248 ($3.06), for a total value of £22,320,002.48 ($27,565,768.16).

About Hastings Group Hldg PLC

Hastings Group Holdings plc, formerly Hastings Group Holdings Limited, is a holding company. The Company provides general insurance. Its segments include Underwriting, Retail and Corporate. The Underwriting segment includes underwriting business based in Gibraltar. The Underwriting segment includes its subsidiaries, Advantage Insurance Company Limited (AICL), which is engaged in underwriting general insurance, primarily private car insurance in the United Kingdom, and Conquest House Limited, which owns property utilized by the Company.

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