Hargreaves Lansdown plc (LON:HL) Receives GBX 987 Average Price Target from Analysts

Shares of Hargreaves Lansdown plc (LON:HLGet Rating) have received an average rating of “Hold” from the seven research firms that are presently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is GBX 987 ($11.93).

Several equities analysts have weighed in on HL shares. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a GBX 770 ($9.30) price target on shares of Hargreaves Lansdown in a report on Thursday, August 25th. Shore Capital reissued a “hold” rating on shares of Hargreaves Lansdown in a report on Thursday, August 4th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Hargreaves Lansdown from GBX 900 ($10.87) to GBX 940 ($11.36) and gave the stock a “hold” rating in a report on Monday, August 8th. Berenberg Bank boosted their target price on shares of Hargreaves Lansdown from GBX 925 ($11.18) to GBX 1,000 ($12.08) and gave the stock a “hold” rating in a report on Wednesday, August 10th. Finally, Citigroup reissued a “neutral” rating and issued a GBX 1,000 ($12.08) target price on shares of Hargreaves Lansdown in a report on Tuesday, August 9th.

Hargreaves Lansdown Stock Performance

HL opened at GBX 856.80 ($10.35) on Thursday. The company has a current ratio of 2.08, a quick ratio of 2.04 and a debt-to-equity ratio of 2.86. The company has a market cap of £4.06 billion and a price-to-earnings ratio of 1,862.61. The company’s 50 day moving average is GBX 857.30 and its 200 day moving average is GBX 907.14. Hargreaves Lansdown has a 12-month low of GBX 7.72 ($0.09) and a 12-month high of GBX 1,603 ($19.37).

Hargreaves Lansdown Increases Dividend

The business also recently declared a dividend, which will be paid on Monday, October 24th. Stockholders of record on Thursday, September 22nd will be issued a GBX 27.44 ($0.33) dividend. The ex-dividend date is Thursday, September 22nd. This is a boost from Hargreaves Lansdown’s previous dividend of $12.26. This represents a dividend yield of 3.25%. Hargreaves Lansdown’s dividend payout ratio is presently 8,695.65%.

Insider Transactions at Hargreaves Lansdown

In related news, insider Christopher Hill sold 9,219 shares of the company’s stock in a transaction dated Wednesday, August 24th. The shares were sold at an average price of GBX 880 ($10.63), for a total value of £81,127.20 ($98,027.07).

Hargreaves Lansdown Company Profile

(Get Rating)

Hargreaves Lansdown plc provides investment services for individuals and corporates in the United Kingdom and Poland. It primarily operates Vantage, a direct-to-investor platform. The company offers stocks and shares individual savings accounts (ISAs), fund and share accounts, and junior and lifetime ISAs.

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Analyst Recommendations for Hargreaves Lansdown (LON:HL)

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