Numis Securities reiterated their add rating on shares of Hastings Group (LON:HSTG) in a research note released on Thursday, ThisIsMoney.Co.Uk reports.
Other equities analysts have also recently issued research reports about the company. Peel Hunt restated an add rating on shares of Hastings Group in a report on Thursday, February 28th. Canaccord Genuity raised their price target on Hastings Group from GBX 240 ($3.14) to GBX 250 ($3.27) and gave the company a buy rating in a report on Monday, March 4th. Berenberg Bank restated a buy rating and set a GBX 265 ($3.46) price target on shares of Hastings Group in a report on Friday, March 1st. Finally, Shore Capital reiterated a buy rating on shares of Hastings Group in a report on Thursday, February 28th. Eight equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Hastings Group currently has an average rating of Hold and an average price target of GBX 227.82 ($2.98).
LON HSTG traded down GBX 0.30 ($0.00) during trading on Thursday, hitting GBX 186.20 ($2.43). 291,973 shares of the stock traded hands, compared to its average volume of 1,190,000. The stock has a market capitalization of $1.23 billion and a PE ratio of 9.40. The company has a debt-to-equity ratio of 39.03, a current ratio of 0.92 and a quick ratio of 0.23. Hastings Group has a 12-month low of GBX 169.50 ($2.21) and a 12-month high of GBX 277.20 ($3.62).
The business also recently announced a dividend, which will be paid on Friday, May 31st. Stockholders of record on Thursday, April 18th will be issued a GBX 9 ($0.12) dividend. This is a boost from Hastings Group’s previous dividend of $4.50. The ex-dividend date of this dividend is Thursday, April 18th. This represents a dividend yield of 4.13%. Hastings Group’s payout ratio is 0.71%.
About Hastings Group
Hastings Group Holdings plc, together with its subsidiaries, underwrites general insurance products in the United Kingdom. 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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