Hastings
Does this Upgrade present an opportunity for you?
Is it irrelevant, or will the Upgrade make the Hastings share price more attractive?
- The chart shows the Hastings share price since late June.
- Twin upgrade today, from Investec and Shore Capital
- Investec upgrades Hastings to Buy, setting target price at 230p.
- Shore Capital upgrades Hastings to Buy.
- Consensus summary: 7 Buys, 7 Holds, 0 Sell; Average target: 230.7p (Source: Bloomberg).
- Current share price 196p (at time of writing).
- Shares -1.8% from 2019 highs; +11.1% from 2019 lows; +5.35% year-to date
- Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal
Trading Hastings – An Example
Let’s say you think that Hastings shares have upside potential as result of this broker upgrade. You decide to buy exposure to £10,000 worth of Hastings using a CFD, at the current price of 196p. To do this, you need £2,000.
For the purpose of this example, let’s assume the Hastings share price rises to 276p August high (+40.8%). Your profit would be £4080 from your initial investment of £2,000.
Conversely, let’s assume you open the above position, and place a stop-loss at 8% from the current price. Hastings shares break lower, they fall 8% and hit your stop-loss. Your loss would be £800.
This is provided for information purposes only. It should not be taken as a recommendation.