JPMorgan Chase & Co. Lowers Hargreaves Lansdown (LON:HL) Price Target to GBX 1,060

Hargreaves Lansdown (LON:HLGet Rating) had its target price dropped by analysts at JPMorgan Chase & Co. from GBX 1,100 ($13.56) to GBX 1,060 ($13.07) in a research note issued on Friday, MarketBeat reports. The firm presently has an “underweight” rating on the stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 23.00% from the company’s previous close.

HL has been the topic of several other research reports. Barclays reduced their target price on shares of Hargreaves Lansdown from GBX 1,765 ($21.76) to GBX 1,725 ($21.27) and set an “overweight” rating on the stock in a report on Thursday, May 5th. Berenberg Bank restated a “hold” rating and set a GBX 1,250 ($15.41) target price on shares of Hargreaves Lansdown in a report on Wednesday, March 23rd. Shore Capital restated a “buy” rating on shares of Hargreaves Lansdown in a report on Wednesday. Morgan Stanley reaffirmed an “underweight” rating on shares of Hargreaves Lansdown in a research note on Friday, March 25th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on shares of Hargreaves Lansdown from GBX 1,250 ($15.41) to GBX 1,160 ($14.30) and set a “hold” rating on the stock in a research note on Friday, May 6th. Five research analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of GBX 1,452.78 ($17.91).

LON:HL opened at GBX 861.80 ($10.63) on Friday. The company has a debt-to-equity ratio of 3.44, a current ratio of 1.88 and a quick ratio of 1.86. The firm has a market cap of £4.09 billion and a price-to-earnings ratio of 15.36. The company’s fifty day simple moving average is GBX 992.49. Hargreaves Lansdown has a twelve month low of GBX 840.91 ($10.37) and a twelve month high of GBX 1,778 ($21.92).

In other news, insider Amy Stirling acquired 2,278 shares of the firm’s stock in a transaction that occurred on Tuesday, February 22nd. The stock was acquired at an average cost of GBX 1,091 ($13.45) per share, with a total value of £24,852.98 ($30,641.08).

About Hargreaves Lansdown (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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