Hargreaves Lansdown plc (LON:HL) Receives Average Rating of “Hold” from Analysts

Hargreaves Lansdown plc (LON:HLGet Rating) has been assigned an average recommendation of “Hold” from the seven brokerages that are covering the company, Marketbeat.com reports. Two 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 covered the stock in the last year is GBX 987 ($11.93).

Several analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Hargreaves Lansdown from GBX 900 ($10.87) to GBX 940 ($11.36) and gave the company a “hold” rating in a research note on Monday, August 8th. Citigroup reiterated a “neutral” rating and issued a GBX 1,000 ($12.08) price objective on shares of Hargreaves Lansdown in a research note on Tuesday, August 9th. Berenberg Bank raised their price objective on shares of Hargreaves Lansdown from GBX 925 ($11.18) to GBX 1,000 ($12.08) and gave the company a “hold” rating in a research note on Wednesday, August 10th. Barclays raised their price objective on shares of Hargreaves Lansdown from GBX 1,175 ($14.20) to GBX 1,225 ($14.80) and gave the company an “overweight” rating in a research note on Monday, August 8th. Finally, JPMorgan Chase & Co. restated an “underweight” rating and set a GBX 770 ($9.30) target price on shares of Hargreaves Lansdown in a report on Thursday, August 25th.

Hargreaves Lansdown Stock Up 1.8 %

Shares of LON:HL opened at GBX 850.20 ($10.27) on Thursday. The stock has a market cap of £4.03 billion and a P/E ratio of 1,848.26. The firm has a fifty day moving average price of GBX 855.44 and a 200 day moving average price of GBX 914.65. The company has a debt-to-equity ratio of 2.86, a current ratio of 2.08 and a quick ratio of 2.04. Hargreaves Lansdown has a 1-year low of GBX 7.72 ($0.09) and a 1-year high of GBX 1,603 ($19.37).

Hargreaves Lansdown Increases Dividend

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

Insider Transactions at Hargreaves Lansdown

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

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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Analyst Recommendations for Hargreaves Lansdown (LON:HL)

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