Important Rating: Hastings Group Holdings Plc (LON:HSTG) Investors: Macquarie Reconfirms “Underperform” Rating, Sees GBX 163.00/Share

November 30, 2016 - By Linda Rogers

Hastings Group Holdings Plc (LON:HSTG) Rating

Hastings Group Holdings Plc (LON:HSTG) had its stock rating noted as “Underperform” by analysts at Macquarie. Macquarie currently has a GBX 163.00 TP on the 1.40 billion GBP market cap company or -23.94% downside potential. This was shown in analysts report on 30 November.

Hastings Group Hldg PLC (LON:HSTG) Ratings Coverage

Out of 11 analysts covering Hastings Group Holdings Plc (LON:HSTG), 7 rate it a “Buy”, 3 “Sell”, while 1 “Hold”. This means 64% are positive. GBX 245 is the highest target while GBX 148 is the lowest. The GBX 209.44 average target is -1.95% below today’s (GBX 213.6) stock price. Hastings Group Holdings Plc has been the topic of 59 analyst reports since November 19, 2015 according to StockzIntelligence Inc. HSBC maintained the shares of HSTG in a report on Wednesday, June 29 with “Hold” rating. The firm earned “Buy” rating on Wednesday, July 13 by Peel Hunt. The firm has “Buy” rating given on Monday, July 11 by Peel Hunt. Barclays Capital maintained the stock with “Overweight” rating in Monday, February 1 report. The stock of Hastings Group Hldg PLC (LON:HSTG) has “Buy” rating given on Monday, May 9 by Beaufort Securities. Shore Capital maintained the stock with “Sell” rating in Tuesday, March 15 report. The stock of Hastings Group Hldg PLC (LON:HSTG) has “Sell” rating given on Thursday, November 3 by Shore Capital. On Thursday, September 22 the stock rating was maintained by Barclays Capital with “Overweight”. The rating was maintained by Peel Hunt with “Buy” on Tuesday, October 11. The stock has “Buy” rating given by Peel Hunt on Tuesday, March 15.

About 14,455 shares traded hands. Hastings Group Hldg PLC (LON:HSTG) has risen 22.15% since May 2, 2016 and is uptrending. It has outperformed by 16.92% the S&P500.

Hastings Group Holdings plc, formerly Hastings Group Holdings Limited, is a holding company. The company has a market cap of 1.40 billion GBP. The Firm provides general insurance. It has a 34.92 P/E ratio. The Company’s divisions include Underwriting, Retail and Corporate.

According to Zacks Investment Research, “E4L, Inc. is one of the world’s largest publicly held direct response television company and is an innovative leader in the growing world of electronic commerce. The company broadcasts more than 3,000 half-hours of programming each week, reaches 100 percent of television homes in the United States, and brings its programming to more than 370 million television households in more than 70 countries worldwide. The company recently changed its corporate name from National Media to e4L, Inc. (PRESS RELEASE)”

HSTG Company Profile

Holographic Storage Ltd, and its subsidiaries are engaged in the use of direct marketing of consumer products, primarily through direct response transactional television programming (also known as infomercials) and through wholesale/retail distribution and electronic commerce on a global basis. The Firm manages all phases of direct marketing for the majority of its products in both the United States and international markets, which includes product selection and development, manufacturing by third parties, acquisition of television media, production and broadcast of programming, order processing and fulfillment and customer service.

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