Hargreaves Lansdown plc (LON:HL) Given Average Recommendation of “Hold” by Brokerages

Hargreaves Lansdown plc (LON:HL) has been given an average rating of “Hold” by the six analysts that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is GBX 1,048.20 ($14.02).

HL has been the subject of several analyst reports. Shore Capital reaffirmed a “buy” rating on shares of Hargreaves Lansdown in a research note on Friday, August 9th. Jefferies Financial Group downgraded shares of Hargreaves Lansdown to a “hold” rating and boosted their target price for the company from GBX 1,035 ($13.84) to GBX 1,140 ($15.25) in a research note on Wednesday, June 19th. Canaccord Genuity Group restated a “buy” rating and issued a GBX 1,342 ($17.95) target price on shares of Hargreaves Lansdown in a research note on Wednesday, June 19th. Finally, JPMorgan Chase & Co. boosted their target price on Hargreaves Lansdown from GBX 671 ($8.98) to GBX 684 ($9.15) and gave the stock an “underweight” rating in a research report on Monday, July 15th.

Hargreaves Lansdown Stock Performance

HL stock opened at GBX 1,112 ($14.87) on Friday. The company has a debt-to-equity ratio of 1.05, a quick ratio of 2.04 and a current ratio of 2.15. Hargreaves Lansdown has a 52 week low of GBX 676.40 ($9.05) and a 52 week high of GBX 1,169 ($15.64). The firm has a 50 day simple moving average of GBX 1,100.60 and a 200 day simple moving average of GBX 982.31. The stock has a market cap of £5.27 billion, a P/E ratio of 1,792.74, a P/E/G ratio of 4.22 and a beta of 0.66.

Hargreaves Lansdown Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, November 1st. Investors of record on Thursday, October 3rd will be issued a dividend of GBX 30 ($0.40) per share. The ex-dividend date is Thursday, October 3rd. This represents a yield of 2.78%. This is a boost from Hargreaves Lansdown’s previous dividend of $13.20. Hargreaves Lansdown’s dividend payout ratio (DPR) is presently 6,935.48%.

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.