JPMorgan Chase & Co. Reaffirms Neutral Rating for Hastings Group (HSTG)

JPMorgan Chase & Co. restated their neutral rating on shares of Hastings Group (LON:HSTG) in a report released on Tuesday. The brokerage currently has a GBX 315 ($4.19) price target on the stock, down from their prior price target of GBX 335 ($4.46).

A number of other analysts have also weighed in on the stock. Peel Hunt lowered their price objective on shares of Hastings Group from GBX 315 ($4.19) to GBX 300 ($3.99) and set an add rating for the company in a research note on Wednesday, May 23rd. HSBC raised shares of Hastings Group to a hold rating in a research note on Wednesday, May 9th. Numis Securities assumed coverage on shares of Hastings Group in a research note on Thursday, April 26th. They issued an add rating and a GBX 295 ($3.93) price objective for the company. BNP Paribas lowered their price objective on shares of Hastings Group from GBX 350 ($4.66) to GBX 265 ($3.53) and set an underperform rating for the company in a research note on Thursday, April 5th. Finally, Investec lowered their price objective on shares of Hastings Group from GBX 350 ($4.66) to GBX 325 ($4.33) and set a buy rating for the company in a research note on Monday, March 12th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of Hold and an average target price of GBX 310.10 ($4.13).

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LON:HSTG opened at GBX 235 ($3.13) on Tuesday. Hastings Group has a 1-year low of GBX 244 ($3.25) and a 1-year high of GBX 336.70 ($4.48).

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.