JP Morgan Cazenove disclosed Hastings Group Holdings Plc (LON:HSTG), hiking its stock price target to 245.00GBX earlier today
- Updated: September 18, 2016
Reporting a possible upside of 0.16%, JP Morgan Cazenove upped the target price of Hastings Group Holdings Plc (LON:HSTG) to 245GBX.
Boasting a price of 211.75GBX, Hastings Group Holdings Plc (LON:HSTG) traded 5.52% higher on the day. With the last close up 24.52% relative to the 200-day moving average, compared to the S&P 500 which has fallen -0.01% over the date range. The company has been tracking to a 50-day average of 211.86GBX and 200-day moving average of 185.68GBX. Trade volume was was up over the average, with 1,882,421 shares of HSTG changing hands over the typical 620,338 shares.
Hastings Group Holdings Plc has a price-earnings of 35 with a one-year low of 143.24GBX and a 52 week high of 231.20GBX. Hastings Group Holdings Plc’s total market value is currently 0.0 GBX.
A total of 8 firms have released a research note on the company. One analyst rate the stock a strong buy, six firms rate the company a buy, two analyts rate the company a hold, one analyst rate the company to underperform, and lastly 0 firmsrate the company as sell with a consensus target of 199.00GBX
Brief Synopsis On Hastings Group Holdings Plc (LON:HSTG)
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. AICL also underwrites the United Kingdom home policies under a co-insurance arrangement. The Retail segment includes provision of insurance broking services to the private car, van, bike and home markets in the United Kingdom, and broking services provided on behalf of a panel of external third-party insurers. The Corporate segment includes the results of various head office companies, and whose primary activities are as holding and finance companies.
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