JPMorgan Chase & Co. Downgrades Hastings Group (LON:HSTG) to Neutral

JPMorgan Chase & Co. cut shares of Hastings Group (LON:HSTG) to a neutral rating in a research report report published on Friday, January 5th.

Other analysts have also recently issued reports about the company. Credit Suisse Group boosted their price objective on Hastings Group from GBX 350 ($4.75) to GBX 360 ($4.88) and gave the company an outperform rating in a research report on Friday, November 3rd. Peel Hunt reiterated an add rating and set a GBX 355 ($4.81) price target on shares of Hastings Group in a research report on Friday, October 27th. Barclays reiterated an equal weight rating and set a GBX 336 ($4.56) price target on shares of Hastings Group in a research report on Monday, December 11th. HSBC boosted their price target on Hastings Group from GBX 230 ($3.12) to GBX 260 ($3.53) and gave the stock a reduce rating in a research report on Thursday, November 23rd. Finally, Shore Capital restated a sell rating on shares of Hastings Group in a report on Friday, October 27th. Four investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of Hold and an average target price of GBX 299.73 ($4.06).

Shares of Hastings Group (HSTG) opened at GBX 309.60 ($4.20) on Friday. Hastings Group has a twelve month low of GBX 216.60 ($2.94) and a twelve month high of GBX 336.70 ($4.57). The company has a market capitalization of $2,030.00 and a PE ratio of 2,211.43.

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About Hastings Group

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.

Analyst Recommendations for Hastings Group (LON:HSTG)

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