Hastings Group (HSTG) Price Target Cut to GBX 209.90 by Analysts at Goldman Sachs Group

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Hastings Group (LON:HSTG) had its target price trimmed by Goldman Sachs Group from GBX 269.90 ($3.53) to GBX 209.90 ($2.74) in a research note issued to investors on Tuesday. The firm currently has a neutral rating on the stock.

HSTG has been the subject of several other reports. JPMorgan Chase & Co. dropped their price target on Hastings Group from GBX 315 ($4.12) to GBX 285 ($3.72) and set a neutral rating for the company in a research report on Friday, October 5th. Barclays increased their price target on Hastings Group from GBX 267 ($3.49) to GBX 272 ($3.55) and gave the stock an equal weight rating in a report on Friday, September 7th. Peel Hunt reiterated an add rating on shares of Hastings Group in a report on Monday, October 15th. UBS Group reiterated a neutral rating and set a GBX 257 ($3.36) price target on shares of Hastings Group in a report on Tuesday, October 9th. Finally, Shore Capital reiterated an under review rating on shares of Hastings Group in a report on Wednesday, August 8th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the stock. The company currently has an average rating of Hold and a consensus target price of GBX 259.79 ($3.39).

LON HSTG traded down GBX 0.50 ($0.01) during trading hours on Tuesday, reaching GBX 194.70 ($2.54). The stock had a trading volume of 443,396 shares, compared to its average volume of 1,190,000. Hastings Group has a 52-week low of GBX 244 ($3.19) and a 52-week high of GBX 336.70 ($4.40).

In other Hastings Group news, insider Toby van der Meer bought 129,536 shares of the business’s stock in a transaction dated Tuesday, September 18th. The shares were acquired at an average price of GBX 269 ($3.51) per share, with a total value of £348,451.84 ($455,314.05).

About Hastings Group

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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