Hargreaves Lansdown (LON:HL) Price Target Increased to GBX 1,250 by Analysts at Barclays

Hargreaves Lansdown (LON:HL) had its target price lifted by Barclays from GBX 1,210 ($15.20) to GBX 1,250 ($15.70) in a research report released on Wednesday morning, MarketBeat.com reports. They currently have an overweight rating on the stock.

A number of other research analysts have also recently weighed in on HL. Royal Bank of Canada lowered their target price on shares of Hargreaves Lansdown from GBX 850 ($10.68) to GBX 825 ($10.36) and set a sector perform rating on the stock in a research note on Monday, February 26th. Jefferies Financial Group reiterated a buy rating and issued a GBX 1,035 ($13.00) price target on shares of Hargreaves Lansdown in a research note on Wednesday. Finally, Shore Capital reiterated a buy rating on shares of Hargreaves Lansdown in a research note on Tuesday. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of Hold and a consensus target price of GBX 921.20 ($11.57).

Hargreaves Lansdown Stock Down 0.5 %

HL opened at GBX 809.40 ($10.17) on Wednesday. The company has a debt-to-equity ratio of 1.43, a quick ratio of 2.04 and a current ratio of 2.27. Hargreaves Lansdown has a fifty-two week low of GBX 676.40 ($8.50) and a fifty-two week high of GBX 944.80 ($11.87). The firm’s fifty day moving average is GBX 737.96 and its 200 day moving average is GBX 736.99. The stock has a market cap of £3.84 billion, a price-to-earnings ratio of 1,173.04, a price-to-earnings-growth ratio of 4.22 and a beta of 0.62.

Hargreaves Lansdown Cuts Dividend

The business also recently declared a dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, February 29th were paid a GBX 13.20 ($0.17) dividend. This represents a yield of 1.64%. The ex-dividend date of this dividend was Thursday, February 29th. Hargreaves Lansdown’s payout ratio is currently 6,086.96%.

Insiders Place Their Bets

In other Hargreaves Lansdown news, insider Alison Platt bought 18,696 shares of the firm’s stock in a transaction dated Monday, February 26th. The shares were purchased at an average cost of GBX 748 ($9.40) per share, for a total transaction of £139,846.08 ($175,663.96). In other Hargreaves Lansdown news, insider Amy Stirling bought 6,764 shares of the firm’s stock in a transaction dated Friday, February 23rd. The shares were purchased at an average cost of GBX 739 ($9.28) per share, for a total transaction of £49,985.96 ($62,788.54). Also, insider Alison Platt bought 18,696 shares of the firm’s stock in a transaction dated Monday, February 26th. The shares were acquired at an average price of GBX 748 ($9.40) per share, for a total transaction of £139,846.08 ($175,663.96). Insiders have purchased a total of 29,459 shares of company stock worth $21,966,458 in the last 90 days. 25.77% of the stock is currently owned by corporate insiders.

Hargreaves Lansdown Company Profile

Hargreaves Lansdown plc provides investment services for individuals and corporates in the United Kingdom and Poland. The company offers stocks and shares individual savings accounts (ISAs), fund and share accounts, and junior and lifetime ISAs. It also provides pension services, including self-invested personal pensions (SIPP), junior SIPPs, annuities, and drawdown; share dealing services; fund dealing; and cash management services.