Hastings Group Hldg PLC (LON:HSTG) had its target price upped by Berenberg Bank from GBX 253 ($3.27) to GBX 315 ($4.07) in a research report issued on Friday, April 21st. The firm currently has a “buy” rating on the stock. Berenberg Bank’s price target would indicate a potential upside of 3.82% from the company’s previous close.
Other equities analysts also recently issued research reports about the company. Peel Hunt reaffirmed a “buy” rating and issued a GBX 240 ($3.10) price objective on shares of Hastings Group Hldg PLC in a research report on Monday, February 27th. Royal Bank of Canada upped their price objective on Hastings Group Hldg PLC from GBX 240 ($3.10) to GBX 260 ($3.36) and gave the company a “sector perform” rating in a research report on Thursday, March 30th. Credit Suisse Group AG reaffirmed an “outperform” rating and issued a GBX 290 ($3.74) price objective on shares of Hastings Group Hldg PLC in a research report on Tuesday, March 21st. Barclays PLC downgraded Hastings Group Hldg PLC to an “equal weight” rating and upped their price objective for the company from GBX 247 ($3.19) to GBX 276 ($3.56) in a research report on Tuesday, April 18th. Finally, JPMorgan Chase & Co. upped their price objective on Hastings Group Hldg PLC from GBX 245 ($3.16) to GBX 260 ($3.36) and gave the company an “overweight” rating in a research report on Friday, February 24th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of GBX 258.67 ($3.34).
The company also recently declared a dividend, which will be paid on Wednesday, May 31st. Stockholders of record on Thursday, May 4th will be given a dividend of GBX 6.60 ($0.09) per share. This is an increase from Hastings Group Hldg PLC’s previous dividend of $3.30. The ex-dividend date is Thursday, May 4th. This represents a dividend yield of 2.85%.
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In other news, insider Richard Mark Brewster sold 9,000,001 shares of the stock in a transaction on Tuesday, February 21st. The stock was sold at an average price of GBX 248 ($3.20), for a total transaction of £22,320,002.48 ($28,811,155.91).
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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